an aggregate of what producers pay BTW.
US producer prices accelerate in another sign of inflation dangers
If the businesses that "produce" are paying more right now?
Guess what happens to the price consumers pay a few months down the road?
Yeah...queue brother Brian for me somebody...
(heard in the background: "It's not complicated!")
"PPI more than doubled in January from previous month"
"The producer price index, which tracks the prices businesses receive for their goods and services, rose 1 per cent in January, the Bureau of Labor Statistics said on Tuesday — the biggest gain in eight months. That was well above the 0.4 per cent rise registered in the previous period and double what economists had forecast."
"The BLS ( Bureau of labor Statistics) January’s price increases as “broad-based”, adding to concerns that inflationary pressures are no longer contained to sectors hardest hit by the pandemic and instead appear at greater risk of becoming entrenched."
Well who could have ever thunk it :-)?
"Investors have increased bets that the central bank will respond forcefully in an attempt to tame inflation, with some speculating at one point the Fed would convene an unscheduled meeting to raise interest rates prior to the next planned gathering in mid-March. The Fed is highly unlikely to make such a move, however, given it typically reserves emergency adjustments for acute crises.
"it typically reserves emergency adjustments for acute crises."
Like were not in one now?
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