2025-01-20
Trump tariff regime begins
Broad tariffs enacted including up to 145% on Chinese goods, plus sector tariffs on steel, aluminum, and automobiles.
2025-06-01
U.S.-Iran conflict escalates
Strait of Hormuz risk premiums push tanker shipping costs to historic highs, spiking energy input prices.
2026-06-11
May 2026 PPI release
PPI jumps +1.1% month-over-month (+6.5% year-over-year) — the hottest reading since November 2022, with over half the gain from a 23.4% surge in gasoline.
2026-06-06
Jobless claims: 229,000
Weekly initial claims for week ending June 6 rise unexpectedly, adding to stagflation signals.