With this and WPI numbers the bad news is pretty well confirmed. There is so much irony to consider with Warsh taking over for Powell this week. It's going to turn out that for all Powell and the Fed's resistance to Trump's fury over them not lowering rates more, history is going to show that they none-the-less did take their foot off the brakes too soon, which of course is now going to require a more severe correction, and probably another year or two, to fix, and this is a terrible outcome for American consumers. But it's also going to be a terrible one for Trump and the GOP. Inflation will finally be the railroad spike through the heart of Trump's second term. As always in life Donald, be careful what you wish for.