January PPI (YoY) inflation hits

    Posted by steve on 16th of Feb 2024 at 08:31 am

    January PPI (YoY) inflation hits 0.9%, above expectations of 0.6%. 

    PPI (MoM) (Jan) +0.3% vs +0.1% Est.

    Core PPI inflation JUMPED to 2.0%, above expectations of 1.6%. 

    USA Core PPI (MoM) For January 0.5% Vs 0.1% Est.; -0.1% Prior

    Both CPI and PPI inflation have come in above expectations in January.

    Might use this print as

    Posted by DigiNomad on 16th of Feb 2024 at 08:34 am

    Might use this print as an excuse to go down, but this inflation is bullish. The correction, if we get one, is likely to be shallow (unless you're in housing!) 

    The 1st guest on CNBC

    Posted by DigiNomad on 16th of Feb 2024 at 08:39 am

    The 1st guest on CNBC is already in full gaslighting mode and saying that there really is NO inflation. What we're actually seeing is deflation. This is a one off (another one off for people like us that watch every one).  This confirms why I watch YouTube during the trading day these days. I just put this on for the PPI coverage. 

    RE guests on CNBS- Schwab

    Posted by brophy on 16th of Feb 2024 at 09:21 am

    RE guests on CNBS- Schwab Network on Think or Swim is for traders and no BS. The platform is free.

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