BREAKING: January PPI inflation hits 0.9%, above expectations of 0.6%.

Core PPI inflation JUMPED to 2.0%, above expectations of 1.6%.

Both CPI and PPI inflation have come in above expectations in January.

Disinflation seems to be slowing.

Can the Fed really pivot here?

— The Kobeissi Letter (@KobeissiLetter) February 16, 2024