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  • US PPI, Core PPI, Core Services PPI Inflation Much Hotter after Whopper Up-Revisions Going Back Months

    From wolfstreet.com

    The prior months’ data of the Producer Price Index were revised substantially higher today, powered by whoppers of upward revisions in the PPI for services, something that has been happening month after month, and on top of that came the price increases in November. The PPI tracks inflation in goods and services that companies buy and whose cost increases they ultimately try to pass on to their customers. And the entire year 2024 through November has been a big acceleration. The revisions, and the additional price increases in November, caused the overall PPI for final demand to rise by 3.0% year-over-year, ... (full story)

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  • Edited Dec 13, 2024 12:24am Dec 12, 2024 11:54pm | Edited Dec 13, 2024 12:24am
Here is what the wise guys of yesterday need to hear. Are you still holding on to your view that Fed should lower interest rates???

Go ahead Fed and dig yourself into a big hole coming 2025. Just remember there will be a new captain on board with the name Donald J Trump.
Quoting Bakker
Here is what the wise guys of yesterday need to hear. Are you still holding on to your view that Fed should lower interest rates??? Go ahead Fed and dig yourself into a big hole coming 2025. Just remember there will be a new captain on board with the name Donald J Trump.
The fed will cut next week - it has no choice. The fed will be accused of political bias if it stays on hold. By the Fed cutting just before the election it has to keep cutting after the election so it can't be accused of influencing the election to help the Dems. In Jan they can go on hold. the market knows this too as it has high odds of the interest rate cut next week
high rate is higher cost for the debdt , lower rate and inflation is going up , you are still in trouble and employment is in the game , so ..
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Quoting Bakker
Here is what the wise guys of yesterday need to hear. Are you still holding on to your view that Fed should lower interest rates??? Go ahead Fed and dig yourself into a big hole coming 2025. Just remember there will be a new captain on board with the name Donald J Trump.
Firstly there is no doubt fed wil cut 25bps....its locked in.
Secondly Trump has no influence on the FED until he fires him....legally not possible, or his contract expires.
Thirdly Trump has stated many times he wants the interest rate down...The dilemma is that his policies drive inflation up and yet he wants interest rates down. Right now the fed can only look at actual data not what Trump may or may not do....As we know trump doesnt really now what he will or wont do until after he does it. Fun times ahead.
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  • Posted: Dec 12, 2024 10:35pm
  • Submitted by:
     Newsstand
    Category: Fundamental Analysis
    Comments: 4  /  Views: 7,143