SUBSCRIBE TO OUR FREE NEWSLETTER
Daily news & progressive opinion—funded by the people, not the corporations—delivered straight to your inbox.
5
#000000
#FFFFFF
5
#000000
#FFFFFF
Protesters hold a large banner during an anti-ICE protest in downtown Los Angeles, California, on June 8, 2025.
(Photo: Benjamin Hanson/Middle East Images/AFP via Getty Images)
1,800+ 'No Kings' Rallies Planned Across US as Trump Deploys Military to Crush Protests
"We'll rise together and say: We reject political violence. We reject fear as governance. We reject the myth that only some deserve freedom," wrote the coalition behind "No Kings" rallies planned for June 14.
Jun 09, 2025
U.S. President Donald Trump on Saturday ordered the deployment of National Guard troops to quell anti-U.S. Immigration and Customs Enforcement protests in Los Angeles, prompting a response from the coalition behind upcoming nationwide protests planned to counter Trump's Washington, D.C. military parade on June 14.
The coalition organizing the "No Kings" national day of action accused the Trump administration of "escalating tensions" in a statement released Sunday.
Generally, the U.S. military is not supposed to take part in civilian law enforcement except in times of emergency. Trump on Saturday invoked a federal law that, according to The Guardian, empowers the president to call part of California's National Guard into federal service. California's Democratic Gov. Gavin Newsom objected to this move.
Protests began on Friday following reports that federal immigration agents were carrying out raids in Los Angeles.
In their statement, the coalition denounced Trump's decision to call National Guard members into federal service, and wrote that "people are peacefully and lawfully protesting the administration's abuses of power and the abduction of their neighbors by ICE."
"Instead of listening, the Trump administration is escalating tensions," the coalition wrote. "Against the guidance of local leaders, they are deploying military force to suppress free speech. They do not care about our safety—it's about silencing opposition. It's a blatant abuse of power designed to intimidate families, stoke fear, and crush dissent."
Law enforcement has acted with force against protestors, including using tear gas and flash bangs, according to CNN. And according to the Los Angeles Times, overnight into Monday businesses were vandalized and burglarized, capping a period of unrest that saw protestors set cars on fire, in addition to other acts of vandalism.
Los Angeles Mayor Karen Bass on Sunday denounced the lawbreaking, but also laid blame on the Trump administration, according to the LA Times.
"What we're seeing in Los Angeles is chaos that is provoked by the administration," Bass said, according to the outlet. "When you raid Home Depot and workplaces, when you tear parents and children apart, and when you run armored caravans through our streets you cause fear and you cause panic."
In concluding their statement about Trump's deployment of the National Guard, the coalition behind "No Kings" struck a defiant tone. "From major cities to small towns, we'll rise together and say: we reject political violence. We reject fear as governance. We reject the myth that only some deserve freedom," they wrote.
The groups say that more than 1,800 rallies are planned for Saturday and that the events are guided by a commitment to nonviolent protest. In the statement, the group also said that organizers with "No Kings" are trained in de-escalation tactics and plan to work closely with local partners to ensure actions are peaceful.
Leah Greenberg, co-executive director of Indivisible, one of the groups behind "No Kings," has said that the aim is to "create contrast, not conflict."
Over 150 progressive organizations, watchdogs, climate groups, and other entities are partners on the "No Kings" rallies.
See the full list of planned events and locations here.
Why Your Ongoing Support Is Essential
Donald Trump’s attacks on democracy, justice, and a free press are escalating — putting everything we stand for at risk. We believe a better world is possible, but we can’t get there without your support. Common Dreams stands apart. We answer only to you — our readers, activists, and changemakers — not to billionaires or corporations. Our independence allows us to cover the vital stories that others won’t, spotlighting movements for peace, equality, and human rights. Right now, our work faces unprecedented challenges. Misinformation is spreading, journalists are under attack, and financial pressures are mounting. As a reader-supported, nonprofit newsroom, your support is crucial to keep this journalism alive. Whatever you can give — $10, $25, or $100 — helps us stay strong and responsive when the world needs us most. Together, we’ll continue to build the independent, courageous journalism our movement relies on. Thank you for being part of this community. |
Our work is licensed under Creative Commons (CC BY-NC-ND 3.0). Feel free to republish and share widely.
U.S. President Donald Trump on Saturday ordered the deployment of National Guard troops to quell anti-U.S. Immigration and Customs Enforcement protests in Los Angeles, prompting a response from the coalition behind upcoming nationwide protests planned to counter Trump's Washington, D.C. military parade on June 14.
The coalition organizing the "No Kings" national day of action accused the Trump administration of "escalating tensions" in a statement released Sunday.
Generally, the U.S. military is not supposed to take part in civilian law enforcement except in times of emergency. Trump on Saturday invoked a federal law that, according to The Guardian, empowers the president to call part of California's National Guard into federal service. California's Democratic Gov. Gavin Newsom objected to this move.
Protests began on Friday following reports that federal immigration agents were carrying out raids in Los Angeles.
In their statement, the coalition denounced Trump's decision to call National Guard members into federal service, and wrote that "people are peacefully and lawfully protesting the administration's abuses of power and the abduction of their neighbors by ICE."
"Instead of listening, the Trump administration is escalating tensions," the coalition wrote. "Against the guidance of local leaders, they are deploying military force to suppress free speech. They do not care about our safety—it's about silencing opposition. It's a blatant abuse of power designed to intimidate families, stoke fear, and crush dissent."
Law enforcement has acted with force against protestors, including using tear gas and flash bangs, according to CNN. And according to the Los Angeles Times, overnight into Monday businesses were vandalized and burglarized, capping a period of unrest that saw protestors set cars on fire, in addition to other acts of vandalism.
Los Angeles Mayor Karen Bass on Sunday denounced the lawbreaking, but also laid blame on the Trump administration, according to the LA Times.
"What we're seeing in Los Angeles is chaos that is provoked by the administration," Bass said, according to the outlet. "When you raid Home Depot and workplaces, when you tear parents and children apart, and when you run armored caravans through our streets you cause fear and you cause panic."
In concluding their statement about Trump's deployment of the National Guard, the coalition behind "No Kings" struck a defiant tone. "From major cities to small towns, we'll rise together and say: we reject political violence. We reject fear as governance. We reject the myth that only some deserve freedom," they wrote.
The groups say that more than 1,800 rallies are planned for Saturday and that the events are guided by a commitment to nonviolent protest. In the statement, the group also said that organizers with "No Kings" are trained in de-escalation tactics and plan to work closely with local partners to ensure actions are peaceful.
Leah Greenberg, co-executive director of Indivisible, one of the groups behind "No Kings," has said that the aim is to "create contrast, not conflict."
Over 150 progressive organizations, watchdogs, climate groups, and other entities are partners on the "No Kings" rallies.
See the full list of planned events and locations here.
From Your Site Articles
- 'A Grave Escalation': Leaked Letter Shows Noem Requested Military Arrests at LA Protests | Common Dreams ›
- 'That's a Dictator': Trump Threatens Force Against Military Parade Protesters | Common Dreams ›
- Opinion | No Kings, No Corporations: Rejecting Authoritarian and Corporate Rule | Common Dreams ›
- Opinion | Not Just Today, Every Day Should Be No Kings Day | Common Dreams ›
- Trump Is No King—He's More Dangerous Than That ›
- Opinion | We Didn't Fight a Revolution for a King | Common Dreams ›
- Canadian Man Accuses US Coast Guard of Capsizing His Boat and Jailing Him on Bogus Illegal Fishing Claims | Common Dreams ›
U.S. President Donald Trump on Saturday ordered the deployment of National Guard troops to quell anti-U.S. Immigration and Customs Enforcement protests in Los Angeles, prompting a response from the coalition behind upcoming nationwide protests planned to counter Trump's Washington, D.C. military parade on June 14.
The coalition organizing the "No Kings" national day of action accused the Trump administration of "escalating tensions" in a statement released Sunday.
Generally, the U.S. military is not supposed to take part in civilian law enforcement except in times of emergency. Trump on Saturday invoked a federal law that, according to The Guardian, empowers the president to call part of California's National Guard into federal service. California's Democratic Gov. Gavin Newsom objected to this move.
Protests began on Friday following reports that federal immigration agents were carrying out raids in Los Angeles.
In their statement, the coalition denounced Trump's decision to call National Guard members into federal service, and wrote that "people are peacefully and lawfully protesting the administration's abuses of power and the abduction of their neighbors by ICE."
"Instead of listening, the Trump administration is escalating tensions," the coalition wrote. "Against the guidance of local leaders, they are deploying military force to suppress free speech. They do not care about our safety—it's about silencing opposition. It's a blatant abuse of power designed to intimidate families, stoke fear, and crush dissent."
Law enforcement has acted with force against protestors, including using tear gas and flash bangs, according to CNN. And according to the Los Angeles Times, overnight into Monday businesses were vandalized and burglarized, capping a period of unrest that saw protestors set cars on fire, in addition to other acts of vandalism.
Los Angeles Mayor Karen Bass on Sunday denounced the lawbreaking, but also laid blame on the Trump administration, according to the LA Times.
"What we're seeing in Los Angeles is chaos that is provoked by the administration," Bass said, according to the outlet. "When you raid Home Depot and workplaces, when you tear parents and children apart, and when you run armored caravans through our streets you cause fear and you cause panic."
In concluding their statement about Trump's deployment of the National Guard, the coalition behind "No Kings" struck a defiant tone. "From major cities to small towns, we'll rise together and say: we reject political violence. We reject fear as governance. We reject the myth that only some deserve freedom," they wrote.
The groups say that more than 1,800 rallies are planned for Saturday and that the events are guided by a commitment to nonviolent protest. In the statement, the group also said that organizers with "No Kings" are trained in de-escalation tactics and plan to work closely with local partners to ensure actions are peaceful.
Leah Greenberg, co-executive director of Indivisible, one of the groups behind "No Kings," has said that the aim is to "create contrast, not conflict."
Over 150 progressive organizations, watchdogs, climate groups, and other entities are partners on the "No Kings" rallies.
See the full list of planned events and locations here.
From Your Site Articles
- 'A Grave Escalation': Leaked Letter Shows Noem Requested Military Arrests at LA Protests | Common Dreams ›
- 'That's a Dictator': Trump Threatens Force Against Military Parade Protesters | Common Dreams ›
- Opinion | No Kings, No Corporations: Rejecting Authoritarian and Corporate Rule | Common Dreams ›
- Opinion | Not Just Today, Every Day Should Be No Kings Day | Common Dreams ›
- Trump Is No King—He's More Dangerous Than That ›
- Opinion | We Didn't Fight a Revolution for a King | Common Dreams ›
- Canadian Man Accuses US Coast Guard of Capsizing His Boat and Jailing Him on Bogus Illegal Fishing Claims | Common Dreams ›
We've had enough. The 1% own and operate the corporate media. They are doing everything they can to defend the status quo, squash dissent and protect the wealthy and the powerful. The Common Dreams media model is different. We cover the news that matters to the 99%. Our mission? To inform. To inspire. To ignite change for the common good. How? Nonprofit. Independent. Reader-supported. Free to read. Free to republish. Free to share. With no advertising. No paywalls. No selling of your data. Thousands of small donations fund our newsroom and allow us to continue publishing. Can you chip in? We can't do it without you. Thank you.
LATEST NEWS
With Reported Trump Backing, Israel to Approve Settlement Aimed at 'Burying' Potential for Palestinian State
The Palestinian foreign ministry called the E1 plan "an extension of crimes of genocide, displacement, and annexation."
Aug 14, 2025
One of Israel's biggest proponents of breaking international law by expanding settlements in the West Bank claimed Thursday that Prime Minister Benjamin Netanyahu and the Trump administration have both given their approval for an expansion scheme that has been blocked for decades and that threatens the possibility of ever establishing a Palestinian state.
Finance Minister Bezalel Smotrich held up a map showing a corridor known as E1, which would link Jerusalem to the settlement of Maale Adumim, at a press conference in the illegal settlement where he proclaimed that the proposal "buries the idea of a Palestinian state."
"This is Zionism at its best—building, settling, and strengthening our sovereignty in the Land of Israel," said Smotrich. "This reality finally buries the idea of a Palestinian state, because there is nothing to recognize and no one to recognize. Anyone in the world who tries today to recognize a Palestinian state will receive an answer from us on the ground."
The announcement followed recent statements from leaders in France, the United Kingdom, and Canada saying they were prepared to join the vast majority of United Nations member states in recognizing Palestinian statehood.
In a statement with the headline, "Burying the Idea of a Palestinian State," the finance minister said Israel plans to build 3,401 homes for Israeli settlers in the E1 corridor.
The plan still needs the approval of Israel's High Planning Council, which is expected next week. After the project is approved, settlers could begin housing construction in about a year.
The Israeli group Peace Now, an anti-settlement watchdog, said Thursday that "government is driving us forward at full speed" toward "an abyss."
"The Netanyahu government is exploiting every minute to deepen the annexation of the West Bank and prevent the possibility of a two-state solution," said Peace Now. "The government of Israel is condemning us to continued bloodshed, instead of working to end it."
Smotrich, whose popularity in Israel has plummeted in recent months, claimed U.S. President Donald Trump and Mike Huckabee, Trump's ambassador to Israel, reversed the United States' longstanding opposition to the E1 plan, which would cut off Palestinian communities between Jerusalem and the Jordan Valley, including an historic area called al-Bariyah.
The proposed settlement would also close to Palestinians the main highway going from Jerusalem to Maale Adumim.
"The Israeli government is openly announcing apartheid," Aviv Tatarsky, a researcher at the Israeli rights group Ir Amim, told Middle East Eye. "It explicitly states that the E1 plans were approved to 'bury' the two-state solution and to entrench de facto sovereignty. An immediate consequence could be the uprooting of more than a dozen Palestinian communities living in the E1 area."
Netanyahu and the Trump administration have not confirmed Smotrich's claim that they back the establishment of E1, but the White House has signaled a lack of support for the longstanding U.S. policy of working toward a two-state solution.
Huckabee said in a June interview with Bloomberg News that the U.S. is no longer seeking an independent Palestinian state.
"The Israeli government is openly announcing apartheid. It explicitly states that the E1 plans were approved to 'bury' the two-state solution and to entrench de facto sovereignty."
Smotrich said Thursday that Huckabee and Trump believe "a Palestinian state would endanger the existence of Israel" and that "God promised [the West Bank] to our father Abraham and gave [it] to us thousands of years ago."
He added, using the biblical term for the West Bank, that Netanyahu "backs me up in everything concerning Judea and Samaria, and is letting me create the revolution."
The U.S. State Department was vague in its response to questions from The Times of Israel about the E1 settlement on Thursday.
"A stable West Bank keeps Israel secure and is in line with the Trump administration's goal to achieve peace in the region," said the agency. "We refer you to the government of Israel for more information."
Countries including the U.K., New Zealand, Canada, and Australia imposed sanctions on Smotrich in June for inciting violence against Palestinians in the West Bank, the rate of which has doubled over the last year.
In a statement, the Palestinian foreign ministry called the new settlement plan "an extension of crimes of genocide, displacement, and annexation."
Tatarsky said Smotrich's announcement on Thursday showed how international supporters of Palestinian statehood must "understand that Israel is undeterred by diplomatic gestures or condemnations" and take "concrete action" to stop the expansion of illegal settlements.
Speaking to The Guardian Wednesday, Francesca Albanese, the U.N. special rapporteur on the occupied Palestinian territories, said countries that have recently signaled plans to recognize Palestinian statehood must also focus on ending Israel's assault and blockade in Gaza, which has killed more than 61,000 Palestinians so far—including at least 239 people who have starved to death.
“Of course it's important to recognize the state of Palestine," Albanese said. "It's incoherent that they've not done it already."
"Ending the question of Palestine in line with international law is possible and necessary," she added. "End the genocide today, end the permanent occupation this year, and end apartheid. This is what's going to guarantee freedom and equal rights for everyone."
'Censorship and Discrimination': 200+ Scholars Slam Canceling of Harvard Journal Issue on Palestine
They wrote that "it exemplifies anti-Palestinian discrimination, obstructing the dissemination of knowledge on Palestine at the height of the genocide in Gaza," where students and educators face scholasticide.
Aug 14, 2025
As Israel continues its U.S.-backed annihilation of the Gaza Strip and Harvard University weighs a deal with the Trump administration, the Ivy League institution came under fire by more than 200 scholars on Thursday for recently canceling a journal issue on Palestine.
"We, the undersigned scholars, educators, and education practitioners, write to express our alarm at the Harvard Education Publishing Group's (HEPG) cancellation of a special issue on Palestine and Education in the Harvard Educational Review (HER)," says the open letter. "Such censorship is an attempt to silence the academic examination of the genocide, starvation, and dehumanization of Palestinian people by the state of Israel and its allies."
Last month, The Guardian revealed how, after over a year of seeking, collecting, and editing submissions for a special issue on "education and Palestine" in preparation for a summer release, HEPG scrapped plans for the publication in June.
"The Guardian spoke with four scholars who had written for the issue, and one of the journal's editors," the newspaper detailed. "It also reviewed internal emails that capture how enthusiasm about a special issue intended to promote 'scholarly conversation on education and Palestine amid repression, occupation, and genocide' was derailed by fears of legal liability and devolved into recriminations about censorship, integrity, and what many scholars have come to refer to as the 'Palestine exception' to academic freedom."
The new letter also uses that language:
Contributing authors of the special issue were informed late into the process that the publisher intended to subject all articles to a legal review by Harvard University's Office of General Counsel. In response to this extraordinary move, the 21 contributing authors submitted a joint letter to both HEPG and HER, protesting this process as a contractual breach that violated their academic freedom. They also underscored the publisher's actions would set a dangerous precedent not only for the study of Palestine, but for academic publishing as a whole. The authors demanded that HEPG honour the original terms of their contractual agreements, uphold the integrity of the existing HER review process, and ensure that the special issue proceed to publication without interference. However, just prior to its release, HEPG unilaterally canceled the entire special issue and revoked the signed author contracts, in what The Guardian notes as "a remarkable new development in a mounting list of examples of censorship of pro-Palestinian speech."
These events reflect what scholars have termed the "Palestine exception" to free speech and academic freedom. It exemplifies anti-Palestinian discrimination, obstructing the dissemination of knowledge on Palestine at the height of the genocide in Gaza—precisely when Palestinian educators and students are enduring the most severe forms of "scholasticide" in modern history.
In a lengthy online statement about the cancellation, HEPG executive director Jessica Fiorillo said that "we decided not to move forward with the special issue because it did not meet our established standards for scholarly publishing. Of the 12 proposed pieces, three were research-based articles, two were reprints of previously published HER articles, and seven were opinion pieces."
"As a student-edited, non-peer-reviewed publication, HER manuscripts, nonetheless, undergo internal review by experienced, professional staff," she continued. "During this review, we determined that the submissions required substantial editorial work to meet our publication criteria. We concluded that the best recourse for all involved was to revert the rights to the pieces to authors so that they could seek publication elsewhere."
The scholars wrote Thursday that "it is unconscionable that HEPG have chosen to publicly frame their cancellation of the special issue as a matter of academic quality, while omitting key publicly reported facts that point to censorship. Perhaps most disturbingly, HEPG leadership has sought to displace responsibility for their actions onto the authors and graduate student editors of the journal, calling into question the integrity of the journal's long-standing review processes, and dismissing the articles as 'opinion pieces' unfit for publication."
"The latter claim ignores that HER explicitly welcomes 'experiential knowledge' and 'reflective accounts' through their Voices submission format," they noted. "When genocide is ongoing, personal reflections and testimonies are not only valid but vital. Dismissing such contributions as lacking scholarly merit reflects an exclusionary view of 'whose knowledge counts'—valuing Western and external academic perspectives over lived experiences of violence and oppression."
The scholars—whose letter remains open to signatures—said that they "stand in solidarity with the authors and graduate student editors of the special issue, who are facing and confronting censorship and discrimination," and concluded by calling for "HEPG to be held accountable."
HEPG is a division of the Harvard Graduate School of Education. While a spokesperson for the latter did not respond to The Guardian's request for comment on the new letter, signatory and University of Oxford professor Arathi Sriprakash told the newspaper that the cancellation mobilized scholars "precisely because we recognize the grave consequences of such threats to academic freedom and academic integrity."
"The ongoing genocidal violence in Gaza has involved the physical destruction of the entire higher education system there, and now in many education institutions around the world there are active attempts to shut down learning about what's happening altogether," Sriprakash said. "As educationalists, we have to remain steadfast in our commitment to the pursuit of knowledge and learning without fear or threat."
HEPG's cancellation has been blasted as yet another example of higher education institutions capitulating as President Donald Trump's administration cracks down on schools where policies and speech on campus don't align with the White House agenda—including students' and educators' condemnation of the Israeli assault on Gaza and U.S. complicity in it. The Trump administration is also targeting individual critics, trying to deport foreign scholars who have spoken out or protested on campus over the past 22 months.
Harvard won praise in April for suing the federal government over a multibillion-dollar funding freeze. However, last month, the university "quietly dismantled its undergraduate school's offices for diversity, equity, and inclusion," and reportedly "signaled a willingness to meet the Trump administration's demand to spend as much as $500 million to end its dispute with the White House."
Amid fears of what a settlement, like those reached by other Ivy League institutions, might involve, Harvard faculty argued in a July letter that "the university must not directly or indirectly cede to governmental or other outside authorities the right to install or reject leading personnel—that is, to dictate who can be the officials who lead the university or its component schools, departments, and centers."
While the HER issue was canceled during Harvard's battle with Trump, outrage over how scholarship on Palestine is handled on campus predates the president's return to power in January. In November 2023, The Nation published a piece about Israel's war on Gaza that the Harvard Law Review commissioned from a Palestinian scholar but then refused to run after an internal debate.
At the time, the author of that essay, human rights attorney Rabea Eghbariah, wrote in an email to a Law Review editor: "This is discrimination. Let's not dance around it—this is also outright censorship. It is dangerous and alarming."
Key Inflation Indicator Comes in ‘Scorching Hot’ Just as Trump Tariffs Hit
"So much for foreigners paying tariffs," commented one economic expert.
Aug 14, 2025
A leading inflation indicator surged much more than expected last month, just as the impact of U.S. President Donald Trump's tariffs started to weigh on American businesses and consumers.
New Producer Price Index (PPI) numbers released on Thursday showed that wholesale prices rose by 0.9% over the last month and by 3.3% over the last year. These numbers were significantly higher than economists' consensus estimates of a 0.2% monthly rise and a 2.5% yearly rise in producer prices.
PPI is a leading indicator of future readings of the Consumer Price Index, the most widely cited gauge of inflation, as increases in wholesalers' prices almost inevitably get passed on to consumers. Economists have been predicting for months that Trump's tariffs on imported goods, which at the moment are higher than at any point in nearly 100 years, would lead to a spike in inflation.
Reacting to the higher-than-expected PPI number, some economic experts pinned the blame directly on the president.
"So much for foreigners paying tariffs," commented Joseph Brusuelas, chief economist at tax consulting firm RSM US, on X. "If they did, PPI would be falling. Wholesale prices up 3.3% from a year ago and 3.7% in the core. The temperature is definitely rising in the core. This implies a hot PCE reading lies ahead."
Liz Pancotti, the managing director of policy and advocacy at the Groundwork Collaborative, took a deep dive into the numbers and found that Trump's tariffs were having an impact on a wide range of products.
"There is no mistaking it: President Trump's tariffs are hitting American farmers and driving up grocery prices for American families," she said. "Wholesale prices for grocery staples, like fresh vegetables (up 39% over the past month) and coffee (up 29% over the past year) are rising, squeezing American families even further in the checkout line."
Pancotti singled out the rise in milk prices as particularly worrisome for American families.
"Milk drove more than 30% of the increase in prices for unprocessed goods, rising by 9.1% in just the past month," she explained. "Tuesday's CPI print showed that milk prices rose by 1.9% in July, and this PPI data suggests further price hikes are on the way."
Betsey Stevenson, who served on former President Barack Obama's Council of Economic Advisers, also pointed the finger at Trump's policies.
"Tariffs will cause higher prices," she said. "Volatility and uncertainty will cause higher prices. The PPI jump is not a surprise, it was inevitable."
On his Bluesky account, CNBC's Carl Quintanilla flagged analysis from economic research firm High Frequency Economics stating that the new PPI numbers were "a kick in the teeth for anyone who thought that tariffs would not impact domestic prices in the United States economy."
The firm added that it "will not be a long journey for producers' prices to translate into consumer prices" in the coming months.
Liz Thomas, the head of investment strategy at finance company SoFi, argued that the hot PPI numbers could further frustrate Trump's goal of getting the Federal Reserve to lower interest rates given that doing so would almost certainly boost inflation further.
"The increase in PPI was driven by services, and there were increases in general services costs and in the Trade component (i.e., wholesale/retail margins)," she commented. "The Fed won't like this report."
Ross Hendricks, an analyst at economic research firm Porter & Co., described the new report as "scorching hot" and similarly speculated that it would stop the Federal Reserve from cutting rates.
"Good luck with them rate cuts!" he wrote. "Can't recall the last time we've seen a miss that big on a single monthly inflation number."
Hedge fund manager and author Jeff Macke jokingly speculated that the bad PPI print would cause Trump to fire yet another government statistician just as he fired Erika McEntarfer, the former commissioner of the Bureau of Labor Statistics.
"Whoever compiles the PPI needs to update their CV," he wrote.
Just as with the monthly jobs report, the Bureau of Labor Statistics collects and publishes PPI data.
Most Popular
We cover the issues the corporate media never will.
Please support our journalism.