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US September PPI Jumps to 6.3%
US PPI rose to 6.3%, higher than expectations.
Key points
- US September PPI rose 6.3% year over year, above the 5.4% estimate, according to @DeItaone.
- US September PPI rose 1.3% month over month versus the 0.6% estimate, per @DeItaone.
- Core PPI rose 5.0% year over year and 0.7% month over month, above estimates of 4.4% and 0.3%, according to @zerohedge.
- @KobeissiLetter said the odds of rate hikes are rising sharply on the news.
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What others are saying
4 more-
US September PPI rose to 6.3% YoY, above 5.3% expected; core PPI hit 5.0%, sharply raising rate hike odds.
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The Kobeissi Letter says US PPI inflation surged to 6.3%, second highest in four years, with CPI nearly double the Fed's 2% target.
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US September PPI hit 6.3% y/y vs 5.4% expected, with core PPI at 5.0%, both far above forecasts.
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US September PPI rose 6.3% YoY and 1.3% MoM, while retail sales rose 0.8% MoM, both beating estimates.
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Top replies on X
Reaction on X: Most replies were joking or brief, with one calling PPI "Portfolio Pain Incoming" and another joking that only @jimcramer can save them now; one reply said a rate hike is coming in October and another said they expect gold to be bullish.
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From @RebuiltByGrace, @tedbjorling, @cryptoskullx and others. Spam removed, with English and Chinese translations.
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