Join institutional investors, analysts and strategists from the world's largest banks: Subscribe today
Already have an account? log in
A Hot Topic. Figuratively And Literally
Anyone looking for incremental information in Tuesday's PPI report for October was disappointed.
Producer prices rose 0.6% MoM, in line with consensus. The YoY print was 8.6%, also as expected.
Headlines will tout an "acceleration" in the monthly print, but if you're a trader, you're looking for new information with the potential to alter the macro narrative or otherwise raise policymaker eyebrows. In line prints don't help much in that regard.
Needless to say, the charts are still remarkable
Here is another look at inflation. I have been tracking the all in cost to attend 18 of some of the best universities in the US since 2014.
Within the list of 18, there are some private, ivy league and also public universities. All academic stellar reputations.
The cost to attend, including room and board and based on what each university posts on their own website regarding “cost to attend”, has increased, on average, by 4% annually, over the past 7 years.
The average for my list of 18 is just shy of $80,000/ year for the 2021-2022 academic year.
That does not hit the lower income families, just those with enough income who can afford to pay.