U.S. producer prices increased by the most in three years in July amid a surge in the costs of goods and services, suggesting a broad pickup in inflation is imminent. July CPI data also showed inflation is steady, along with the recent poor jobs report it seems the US is headed for stagflation. 🇺🇸This leaves the Fed in a tough position because if they cut rates in September, Americans will face even higher prices on products in relation to inflation on top of higher prices from tariffs over the next few years. If the Fed doesn’t cut rates in September, the job market which was already declining from the current economic policies in place from the Trump Administration may get worse. 🇺🇸