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... The report from the Labor Department on Wednesday also showed a sharp downward revision to the Producer Price Index data for May, and followed news on Tuesday of a larger-than-expected drop in the monthly Consumer Price Index last month.

The data, together with a slowdown in job growth in June, effectively ruled out an interest rate increase from the Federal Reserve this month. The reports have, however, been overtaken by the renewed hostilities between the United States and Iran following last week's collapse of a fragile ceasefire.

Oil prices have climbed to a one-month high after Washington reimposed a naval blockade of Iran.

The PPI report also showed further price gains related to the artificial intelligence build-out, a concern for officials at the U.S. central bank. These factors keep a rate hike this year on the table, economists said.

"There's no near-term pressure on the Fed, but oil is in the driver's seat over the longer term," said David Russell, global head of market strategy at TradeStation. "Energy saved the day in June, but that might become ancient history if the Strait of Hormuz doesn't open soon."

The Producer Price Index for final demand dropped 0.3% last month, the biggest decline since April 2025, after a downwardly revised 0.6% increase in May, the Labor Department's Bureau of Labor Statistics said.

Economists polled by Reuters had forecast the PPI unchanged after a previously reported 1.1% gain in May.

The BLS said PPI data from February through May had been revised to reflect the "availability of late reports and corrections by respondents." In the 12 months through June, the PPI increased 5.5% after rising 6.0% in May. A narrower measure of the PPI, which excludes food, energy and trade, edged up 0.1% over the month and advanced 5.1% on a year-on-year basis. ...




Every Republican Senator voted to merge our military with Israel's military.
The most America LAST thing they could possibly do, selling our military out to a foreign country.
It's absolute treason and betrayal.
~MTG~

#4 | Posted by reinheitsgebot at 2026-07-15 03:50 PM | Reply: The Israeli Death Forces and the US Dept of War

*** Israeli Attacks Across Gaza Kill Nine Palestinians, Including Ten-Year-Old Boy ***

One murderous strike hit a police post in northern Gaza, killing seven human beings.

The IDF -- serial killers of the Middle East -- like the notorious Son of Sam -- and we're supposed to merge our militaries.


Another reason why the satanic Trumpf junta wants to dismantle the ICC.

Now we know why a certain Israel troll started a thread recently on drudge.com about the problems of blacks and the Democratic Party.

Distract from the news of this horrendous merger issue at Capitol Hill.

And some drudgers obliged the troll.

AIPAC-ers must be elatedly kicking their heels in joy.

US Senator Chuck Schumer (D-Israel): "Ah, now I can finally retire."

Jasper Nathaniel on settler violence in the occupied West Bank 1:54 Democracy Now! 2532 views 3 hours ago

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