PPI is in. Inflation is still hotter than estimated. That means rates are going higher for longer. More pain ahead.
PPI 0.7% MoM, est. 0.4%, Last -0.4%
PPI 6.0% YoY, est. 5.4%, prior 6.2%
Or as Keiser might say, the cost of financial terrorism is going up 😎
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