Core CPE for April = Lowest Since March 2021

Still battling inflation it seems. Promises made..........

 

This is clearly a bad thing

 

Plummeting demand will keep near term prices low. Cost are expected to rise in June / July... not May and April.

US Consumers Hit the Brakes While Goods Imports Sink by a Record - Bloomberg

 

We also had some bulk buying that occurred in Jan/Feb in anticipation of tariffs. Which meant extra supply coupled with the lower demand. Let's see where the summer numbers are before celebrating.

 

“Howard W. Lutnick serves as the 41st United States Secretary of Commerce. During President Trump’s 2024 election campaign, he was the Co-Chair of the Trump-Vance Transition Team.”

Howard Lutnick

 

Biden carry over #s... Thank you Biden.

 

I don't think anyone considers it bad, just that it may be a bit early to spike the football.

 

The football was spiked when he got re-elected. We knew this would be the outcome.

 

To illustrate how good this number is, 0.1% annualizes to 1.2% and April wasn't an anomaly. It was a continuation of the trend which had already developed in the preceding months. Such a trend points to <2% inflation over the remainder of 2025.

 

The Fed is smart enough to realize disruptions in international supply chains take months for the effects to be felt. Lower rates now and if the tariffs raise prices over the summer by large rates, we're in a bad spot. If the tariffs don't raise prices over the summer, you'll see the Feds cut rates then.

 

Appreciate the chuckle. Grade A myopia or Grade A troll. Either way. Love the work. Thanks.

 

This is good news but as City points out demand is falling. That’s why my company is seeing reduced steel costs but our product demand will also likely fall. So far our commercial customers are still buying without demand but that will curtail unless the end consumer starts buying again.

 

Feels like we're hurdling off a cliff that's gonna be next to impossible to avoid. The only question is how high the cliff / fall is going to be.

It would be nice to think we could look towards leadership at times like this, but alas it's leadership that's put us here and the same leadership asking the sane people to help them find a higher cliff.

 

This has nothing to do with Trump. Thank you Joe Biden...and your and Jerome Powell's soft landing!

 

Yep, falling demand continues to blunt prices.

 

I'm seeing increased steel costs. I wonder if it was a blip.

 

An economic agenda is very difficult for a president to implement, because of so many variables outside of his/her control. But the Trump administration is obviously pushing the right buttons to bring inflation down to a healthy level. This despite predictions of the opposite, due to tariffs, by the usual suspects.

If he solves immigration and inflation, not only were those his two biggest campaign promises, but I can’t think of many other things this country so desperately needed for its future prosperity. For that, we should all be grateful for President Donald J Trump and his leadership.