November producer price index
- Highest since Feb 2012
- was 2.8% y/y
- PPI +0.4% vs +0.3% m/m expected
- Prior PPI +0.4% m/m
- Ex food and energy +0.3% vs +0.2% exp
Those are some hot numbers. It's not CPI but it's often a hint. A few FOMC members are going to see this as confirmation that inflation is
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