BREAKING: September PPI inflation unexpectedly rises to 2.2%, above expectations of 1.6%.
— The Kobeissi Letter (@KobeissiLetter) October 11, 2023
Core PPI inflation rose to 2.7%, above expectations of 2.3%.
This is the first jump in Core PPI since April 2022.
PPI inflation is now up 3 consecutive months.
What does the Fed do now?
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