The Producer Price Index Final Demand rose 0.8% MoM in May.
ddd
US CPI YoY and PPI Final Demand YoY are tracking nicely.
Of course, home prices are growing at 13.19% YoY.
Consumer purchasing power continues to decline.
Will this be The Fed’s version of Haydn’s Surprise Symphony?
“We swear! Inflation is transitory!!”
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