Wednesday, October 12, 2022

PPI 8.5% ... did Fed make a dent or a scratch in inflation so far ..?

Fed funds have gone up from zero to 3%

TNX 3.96%

US2Y 4.3%

30Y mortgage  7+%

at

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CPI came hot ...

No surprise there .. market drops about 1p .. no worries there .. but the cause of inflation so far is mainly crude and diesel.. so it's...