Report
Data Round-Up: Core PPI Surprises to the Upside; Trend Rises to +2.4%
posted by Michael Lewis on November 14, 2017
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Headline
For the second month in a row, core PPI came in higher than expected. This, along with some high-frequency measures, suggest that Fed doves’ fixation on the notion that inflation is “too low” is misguided.
Abstract
FMI’s analyses of this morning’s October PPI report (including a review of high-frequency inflation indicators) and a review of the October NFIB Small Business Optimism Index.