Inflation Gauge Is Heading Higher

Federal Reserve Chair Jerome Powell and his colleagues in the coming week can expect to see their key inflation metric accelerate to a fresh four-decade high last seen when Paul Volcker led the U.S. central bank. The personal consumption expenditures …

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Another Gauge of the Goods-Based Economy Heads South

Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Orders for Class-8 trucks – made by Daimler (Freightliner, Western Star), Paccar (Peterbuilt, Kenworth), Navistar International, and Volvo Group (Mack Trucks, Volvo Trucks) – plunged 58% in February compared to February last year, to 16,700 orders, …

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