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PPI Plays Along, But Won’t Quash November ‘Skip’ Chatter
The Fed welcomed some incrementally encouraging news on the inflation front Friday, when US producer prices came in mixed. "Could've been worse," as they say.
The headline final demand gauge was flat MoM against expectations for a marginal 0.1% uptick. Not to nitpick, but I'd gently suggest "unchanged" isn't accurate here. The unrounded print was 0.04824%. That's not "unchanged." Unchanged (no scare quotes) was May's 0.0014% reading. Out of four "unchanged" MoM readings in 2024, September's was
what is the message in our obsession with how the FED will react and how traders will react to the FED … rather than objectively discussing the data and the economy that supposedly created the data? – not throwing water at H – we’re all in same boat imho.
Yes, we have been getting a little silly….
When do we shift to thinking about the impact of Trump’s second term on the economy, markets and earnings ? And most importantly volatilty? t looks increasingly likely he’ll be back.