US Producer Prices Soar At Record Pace In August, Up 9 Months In A Row

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Zero Hedge: Another month, another series of inflation indicators begins with Producer Prices and it won’t help Powell’s case that this is all ‘transitory’. Headline PPI rose 0.7% MoM (above the 0.6% expected) which sent the headline print up a stunning 8.3% YoY..

“So I looked, and behold, a black horse, and he who sat on it had a pair of scales[i  his hand” Rev. 6;5

And it’s not all energy costs as core PPI also rose faster than expected (up 6.7% YoY) and up for the 9th straight month…

What does this mean for corporate margins? Nothing good… Read More

 

 

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