BREAKING: February PPI inflation RISES to 1.6%, above expectations of 1.1%.
— The Kobeissi Letter (@KobeissiLetter) March 14, 2024
Core PPI inflation was 2.0%, above expectations of 1.9%.
Both CPI and PPI inflation are now officially back on the rise.
Disinflation seems to be slowing.
Can the Fed really pivot here?