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