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President Trump’s new executive order paved the way for alternative assets to be included in 401(k)s, and now the Department of Labor has lifted a warning for fiduciaries so they can best decide the right options for their retirement plans.

“Today’s PPI makes you take a step back and just re-assess. We’re in the midst of a stagflationary shock.”

The July PPI indicates companies are adjusting their pricing of goods and services to help offset costs associated with higher U.S. tariffs.

President Trump’s nominee to head the Bureau of Labor Statistics, E.J. Antoni, caused a stir by suggesting the agency suspend the monthly jobs report.

Consumers in the United States have absorbed an estimated 22% of tariff costs through June, but their share will rise to 67% if the latest tariffs follow the pattern of levies in previous years, according to Goldman Sachs.

Proponents say retirees will have access to higher returns; critics say the potential risks are too high.