The Kobeissi Letter|Feb 13, 2025 13:35
BREAKING: January PPI inflation unexpectedly RISES to 3.5%, above expectations of 3.2%.
Core PPI inflation was 3.6%, ABOVE expectations of 3.3%.
PPI inflation is now at its highest since February 2023 while CPI jumped +0.5% month-over-month.
The "Fed pivot" is over.
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