Sorry

 

One more...

Had to.

Supplier prices rose 11.2% from a year ago in 

March, the biggest gain on record

Thats the one you need to watch more than the CPI.

This is what Wholesalers are paying now, meaning, what consumers will pay later etc...

"The producer price index, which measures the prices paid by wholesalers, increased 11.2% from a year ago, the most in a data series going back to November 2010. On a monthly basis, the gauge climbed 1.4%, above the 1.1% Dow Jones estimate and also a record."

"Stripping out food, energy and trade services, so-called core PPI rose 0.9% on a monthly basis, nearly double the 0.5% estimate and the biggest monthly gain since January 2021. Core PPI increased 7% on a year-over-year basis."

"PPI is considered a forward-looking inflation measure as it tracks prices in the pipeline for goods and services that eventually reach consumers."

"Markets are pricing in an almost certainty that the central bank will double that move at its May meeting, and will keep going until the fed funds rate hits about 2.5% by the end of the year."

Awesome :-).

we will wait till after the holidays to crash the housing market...nice...