US industrial production jumped 0.7% in September — way above the 0.4% forecast. Add that to strong retail sales and labor data from yesterday.
But here's the flip side: import prices rose 1.1%, also hotter than expected. That lines up with this week's CPI and PPI numbers.
So we've got growth momentum *and* sticky inflation. The Fed's job just got harder. Markets keep pricing in rate cuts — reality keeps saying "not so fast."
This is the part where people need to stop assuming the easy path. Strong economy doesn't always mean happy portfolios if inflation won't cooperate.
But here's the flip side: import prices rose 1.1%, also hotter than expected. That lines up with this week's CPI and PPI numbers.
So we've got growth momentum *and* sticky inflation. The Fed's job just got harder. Markets keep pricing in rate cuts — reality keeps saying "not so fast."
This is the part where people need to stop assuming the easy path. Strong economy doesn't always mean happy portfolios if inflation won't cooperate.