U.S. PPI data shockingly hot! Inflation risks are now firmly entrenched
U.S. September PPI came in red-hot across the board, marking the biggest wholesale inflation increase in four years! Headline PPI surged 6.3% year over year, far exceeding market expectations, while the month-over-month increase in core PPI doubled, coming in at twice the expected level.
$BTC $BNB $DOGE #贝莱德加密资产规模增长63% #韩国拟收紧金融网络安全规定 #OndoFinance总锁仓价值突破40亿美元
This means higher energy costs have now been passed on across a broad range of goods, turning inflation from an isolated issue into a widespread risk. Producer prices are rising far faster than consumer prices, which means corporate profits will either shrink or CPI will keep climbing.
Strangely, scorching inflation has not pushed up Treasury yields or the dollar. Markets are no longer fearing rate hikes; instead, they are worrying about stagflation and a credit crisis, putting global risk assets under pressure!
U.S. September PPI came in red-hot across the board, marking the biggest wholesale inflation increase in four years! Headline PPI surged 6.3% year over year, far exceeding market expectations, while the month-over-month increase in core PPI doubled, coming in at twice the expected level.
$BTC $BNB $DOGE #贝莱德加密资产规模增长63% #韩国拟收紧金融网络安全规定 #OndoFinance总锁仓价值突破40亿美元
This means higher energy costs have now been passed on across a broad range of goods, turning inflation from an isolated issue into a widespread risk. Producer prices are rising far faster than consumer prices, which means corporate profits will either shrink or CPI will keep climbing.
Strangely, scorching inflation has not pushed up Treasury yields or the dollar. Markets are no longer fearing rate hikes; instead, they are worrying about stagflation and a credit crisis, putting global risk assets under pressure!