- The producer price index rose a seasonally adjusted 1.4% for the month, much higher than the 0.5% Dow Jones consensus forecast and the upwardly revised 0.7% March increase.
- Energy was at the root of the unexpectedly high gain in producer prices, though there was evidence that the price pain is extending beyond the gas pump.
- The services index accelerated 1.2%, the biggest gain since March 2022. Two-thirds of the move was attributed to a 2.7% gain in trade services, a sign that tariff costs could be starting to have a larger impact on prices.
The U.S. 30-Year Yield is now 5.03%. It has only been higher for a handful of days in the last 19 years
byu/RobertBartus inEconomyCharts
🇺🇸 The economy is becoming Trump's biggest liability.
A new poll puts his economic approval at a career-low 30%, with 77% of the public, including a majority of his own Republican voters, saying his policies have made the cost of living worse.
Democrats now lead Republicans on… pic.twitter.com/2stojdTCGw
— Mario Nawfal (@MarioNawfal) May 12, 2026
Midterms are 6 months out and the GOP is going to get demolished.