Higher prices in China will become higher prices in the United States

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Yesterday, the ten-year rate closed below 1.50% for the first time since March 3.

Is the interest rate market telling us that warmer inflation data will start to run out of steam?

For clues, let’s take a look at what’s going on in China, where the products we will be purchasing in the many months to come are made …

This week, China reported the highest producer prices in 13 years …

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And when the producers get these end products on a ship, you can see in the following graph what happened to the freight container prices from China …

So if you’re lucky enough to get your product on a ship, you’re paying almost three times as much to get it here, compared to a year ago. Of course, these prices, as well as rising wages, will be passed on to consumers.

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