US import prices for April 0.9% vs 0.3% estimate - nasty "surprise"

Discussion in 'Wall St. News' started by Nighthawk, May 16, 2024.

    • Prior month import prices 0.4% MoM revised to 0.6%.
    • Prior month export prices 0.3% MoM revised to 0.1%
    • Import prices for April 0.9% vs 0.3% estimate
    • Export prices for April 0.5% vs 0.4% estimate
    • Import prices for April 1.1% vs 0.4% last month. Highest since December of 2022
    • Export price YoY -1.0% vs -1.1% estimate.

    OUCH OUCH OUCH.....and the Biden administration STILL CLAIMS tariffs increase on Chinese EV cars and Li-batteries won´t have ANY significant effect on price picture.

    Meanwhile Copper is at MULTI DECADE HIGHS:

    upload_2024-5-16_15-7-19.png
     
    countryBoy641 likes this.
  1. newwurldmn

    newwurldmn

    I think he used trumps economists.