๐บ๐ธ US PPI was just released, and it was much worse than expected.
The PPI surged to 6.3%, its highest level since December 2022.
Yesterday, CPI and Core CPI came in higher than expected, and now PPI inflation is also rising rapidly.
At the same time, the economy has started to slow as the job market continues to deteriorate.
Kevin Warsh is also set to give a speech tomorrow, and heโll face a lot of pressure.
Thatโs because Kevin has pledged to bring inflation down to 2%, which canโt be done without aggressively raising interest rates.
But if the Fed raises rates in an already weakening economy, it will make things worse for consumers and could even push the economy into a recession.
#Binance
The PPI surged to 6.3%, its highest level since December 2022.
Yesterday, CPI and Core CPI came in higher than expected, and now PPI inflation is also rising rapidly.
At the same time, the economy has started to slow as the job market continues to deteriorate.
Kevin Warsh is also set to give a speech tomorrow, and heโll face a lot of pressure.
Thatโs because Kevin has pledged to bring inflation down to 2%, which canโt be done without aggressively raising interest rates.
But if the Fed raises rates in an already weakening economy, it will make things worse for consumers and could even push the economy into a recession.
#Binance