by David Haggith
GoldSeek
Payrolls are up again in the latest report, making the Fed’s job a little harder. So are wage gains! However, according to the latest Purchase Managers Index, prices paid on the services side of the economy by producers are down, which means inflation could come down. That’s if you believe it. But how can that be true when recent reports said the opposite and when rising employment coupled with rising wages indicates the opposite as well?
This report is a case where you have to look under the hood to see what the heck is going on. When you do, the numbers don’t even square with themselves. Consider the following peculiar case:
Price pressures are easing as employment rises said the Reuters new report about the Institute for Supply Management’s report.