Quote From Kansas City Fed Report: Inflation Is Not Under Control

Sadly, serious economic data & testimony has far less confidence and/ore interest than politically charged news. 

Accordingly . . .

Here's a selected quote that seems to capture the zeitgeist of this town's economy right now . . . 

“Inflation is not under control. It has slowed but is going to bubble back up again, particularly in some key commodity inputs. Prices charged to customers will have to go up. Labor is hard, but there are more workers out there vs. two years ago. But, the quality is low. Lots of churn to get the folks you want to keep.”

Read more via www.TonysKansasCity.com link . . .

Tenth District Manufacturing Activity Fell Again in April

Tenth District manufacturing activity fell again in April, and expectations for future activity remained flat. Prices for raw materials grew at a steady pace while finished product prices stayed the same, increasing their spread.