Wholesale prices jump 6.6% in the fastest rise on record as soaring inflation threatens economic rec

[mystery-ak]

Wholesale prices jump 6.6% in the fastest rise on record as soaring inflation threatens economic recovery

    Data released Tuesday shows US producer prices jumped 6.6% annually in May
    It is the largest jump for the index since annual data was first kept in 2010
    Deutsche Bank warns inflation could become 'devastating' if trends continue
    Republicans blame Fed's loose money policy and massive fiscal stimulus 

By Keith Griffith For Dailymail.com and Wires

Published: 21:27 EDT, 15 June 2021 | Updated: 02:02 EDT, 16 June 2021

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https://www.dailymail.co.uk/news/article-9690281/Wholesale-prices-jump-6-6-fastest-rise-record.html

[rustynail]

No worry seniors have cola to cover for them.

[DefiantMassRINO]

Supply, demand, and free market competition, do your magic.

We are coming out of a recession, and demand is greater than supply.

The Fed can't increase interest rates without bringing down the Ponzi scheme that passes for an economy in America.

The American economy needs to grow GDP (excluing government and healthcare), increase productivity, and increase efficiencies to perservere higher rates.  The largest obstacle to these is Government.