Fed May Need to Move Faster If Inflation Persists, Bullard Says
… the inflation which the Fed spent the two-thirds of 2021 saying was transitory?
— zerohedge (@zerohedge) November 9, 2021
Thanksgiving Dinner Staples Hard to Find…
Trucker Shortage Still Biggest Kink in Supply Chain…
Producer prices rise 8.6%, matching record high…
WASHINGTON (AP) — Inflation at the wholesale level rose 8.6% last month from a year earlier, matching September’s record annual gain and offering more evidence that inflationary pressures are not yet easing.
The Labor Department reported Tuesday that its producer price index — which measures inflation before it hits consumers — rose 0.6% last month from September, pushed higher by surging gasoline prices. Excluding volatile food and energy prices, wholesale inflation was up 0.4% in October from September and 6.8% from a year ago.