HTTP/1.1 200 OK Server: nginx Date: Tue, 10 Apr 2018 18:15:04 GMT Content-Type: text/html; charset=UTF-8 Transfer-Encoding: chunked Connection: keep-alive Strict-Transport-Security: max-age=86400 Vary: Accept-Encoding Last-Modified: Tue, 10 Apr 2018 18:11:06 GMT Cache-Control: max-age=62, must-revalidate X-nananana: Batcache Vary: Cookie X-hacker: If you're reading this, you should visit automattic.com/jobs and apply to join the fun, mention this header. X-Pingback: https://confoundedinterest.net/xmlrpc.php Link: ; rel=shortlink X-ac: 3.ewr _dca March “Core” Producer Price Index Up 2.7% YoY, Highest Since November ’11 (Inflation Feeling Hot, Hot, Hot!) – Confounded Interest ...
March “Core” Producer Price Index Up 2.7% YoY, Highest Since November ’11 (Inflation Feeling Hot, Hot, Hot!) – Confounded Interest
- Category: News
- Written by Doug Diamond
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Skip to content confoundedinterest17 Banking, Economy, Fed, GDP, Inflation, Powell, PPI, Treasury, Uncategorized, Yellen April 10, 2018April 10, 2018 0 Minutes The Producer Price Index is out for March and its feeling hot, hot, hot. “Core” PPI Final Demand is up to 2.7%, the highest since November 2011. This guarantees a rate hike from The Fed’s Open Market Committee (FOMC). PPI Final Demand less food and energy YoY is noteworthy since it is the highest since November 2011, shortly before Core PCE YoY hit 2%, the Fed’s target inflation rate. If we just look at PPI Final Demand, we see it is growing at 3% YoY and at the same rate as early 2012 when Core PCE YoY growth last exceeded 2%. And yes, the trend is definitely hot, hot, hot.