‘No doubt Americans are paying the tariffs’: Rising wholesale inflation is a warning sign

The economic forecast is in. It's not looking great for the American consumer. In July, costs for producers and manufacturers, known as wholesale inflation, rose at the fastest monthly pace since June of 2022, when we were in the pandemic.According to the Bureau of Labor Statistics, the bureer price index, which measures inflation before it hits consumers, jumped 9/10en of a percent from June to July. That's the biggest monthly jump in over three years. It's more than four times what economists expected.Now ...