America's Truckin' Network -- 9/5/24

Tuesday morning, I covered the Trucking industry reacting to the DEA proposal to downgrade marijuana. Some are now taking about whether this will become a "potent" political issue during the November presidential election. The Federal Reserve's preferred inflation gauge, The Core Personal Consumption Price Index (PCE) report has been released; what this means regarding potential interest rate cuts at their meeting Sept. 17-18. U.S. Manufacturing Purchase Managers' Index was released, is the trend up or down. The Commerce Department revised its initial Gross Domestic Product (GDP), the total output of goods and services. Crude oil reacts to pessimism about demand uncertain supply increases; lackluster data from the U.S. and China as well as awaiting crude oil inventory reports.