PCE just came in at 3.6%, so CPI, PPI and PCE are all rising again. gmoney and Hunter called it on the Oct 15 show: PPI was running hotter than CPI, and inflation in PPI usually shows up everywhere next.
@gmoneynft @hunterorrell
BREAKING: US September PCE inflation, the Fed's preferred inflation metric, rises to 3.6%.
Core PCE inflation also rose to 3.1%, up +0.3% month-over-month.
This officially confirms that CPI, PPI, and PCE inflation are all rising again.
A December rate hike is coming.
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