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?
(Phone ringing) Hello, it’s ELON
https://finance.yahoo.com/markets/stocks/article/elon-musks-spacex-just-made-a-huge-play-to-challenge-the-phone-industry...