U.S. producer price inflation jumps 9.7% in December from a year ago, the highest y/y increase on record. U.S. DOLLAR plummeting hard. The Fed is still acting too slowly??

U.S.🇺🇸 DOLLAR 💵 pic.twitter.com/yNiCOpMcHi

— Win Smart, CFA (@WinfieldSmart) January 13, 2022

US December headline PPI inflation came in at 9.7%, a new record and just below the median forecast. The core measure was 8.3%, compared to the prior 7.7% and an 8.0% median forecast
Weekly jobless claims rose to 230,000, up from 207,000 and above the median projection of 200,000 https://t.co/jp3l7cxd3P pic.twitter.com/TP9dHyZtVR

— Mohamed A. El-Erian (@elerianm) January 13, 2022

WELLS FARGO SEES FEDERAL RESERVE RAISING INTEREST RATES FOUR TIMES THIS YEAR, UP FROM PREVIOUSLY FORECAST TWO RATE HIKES

WELLS FARGO SEES THE FED HIKE RATES BY 25 BPS AT MARCH 16 POLICY MEETING, TO RAISE RATES BY 25 BPS PER QUARTER THROUGH Q3 2023

— First Squawk (@FirstSquawk) January 13, 2022

White House on defensive over surging inflation as Republicans lament ‘paychecks wiped out’ by high prices

Daly, from the Federal Reserve:

Inflation is uncomfortably high.

— unusual_whales (@unusual_whales) January 13, 2022