PPI, Powell, & Pro-Crypto Bill Passage Spark Chaos Across Capital Markets

Hot (well, cold) on the heels of yesterday's cooler than expected Core CPI, this morning's Producer Prices also showed no signs of the terrifying tariff-flation that all the PhD economists and their pet rabbits were sure was imminent.

The day was dominated by Producer Prices, Powell vs Trump, and pro-crypto bills in Washington.