Sorry, Mr. President: The facts keep intruding on your “Bidenomics” victory tour.
The morning of President Joe Biden’s latest speech in that effort came news that the Producer Price Index jumped .07% in August over July — almost double the consensus expectation of .04% and the biggest jump in 14 months.
This guarantees more consumer inflation in coming months, as producers pass along the hike in what they’re paying.
So the inflation conflagration that the White House and its media allies have been insisting is sputtering out still has ample room to burn…
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