The Ds are fiddling while Rome burns.
Outside of the people that already hate T...the dog and pony show the Ds are doing changes nothing.
People look at their pocketbooks and see that their money is buying less and less every month.
"Wholesale prices rose 10.8% in May, near a record annual pace
The producer price index rose 0.8% for the month and 10.8% over the past year.
The monthly gain was in line with estimates and the annual gain was slightly off the record 11.5% hit earlier this year.
The data is significant in that prices at the wholesale level feed through to consumer prices.
Wholesale prices rose at a brisk pace in May as inflation pressures mounted on the U.S. economy, the Bureau of Labor Statistics reported Tuesday.
The producer price index, a measure of the prices paid to producers of goods and services, rose 0.8% for the month and 10.8% over the past year. The monthly rise was in line with Dow Jones estimates and a doubling of the 0.4% pace in April.
...
The two PPI measures remained near their historic highs -- 11.5% for headline, and 7.1% for core, both hit in March.
The data is significant in that prices at the wholesale level feed through to consumer prices, which are running at their highest levels since December 1981. The consumer price index increased 8.6% annually in May, defying hopes that inflation had peaked in the spring.
Federal Reserve officials are watching the inflation numbers closely. Markets now expect the central bank to raise benchmark short-term borrowing rates by 75 basis points when their two-day meeting concludes Wednesday."