After the hotter-than-expected PPI print, Consumer Prices confirmed that inflation is running hot with the fastest rise since Feb 2012. Core CPI (at 2.2%) has been above the Fed's mandated 2% 'price stability' level for 15 months in a row.
After the hotter-than-expected PPI print, Consumer Prices confirmed that inflation is running hot with the fastest rise since Feb 2012.
Notably core CPI (at 2.2%) has been above The Fed's mandated 2% 'price stability' level for 15 months in a row.
Of course, one of the big drivers of this price surge is in shelter and rent inflation...
Combined with the weakest GDP growth outlook in over a year, it appears stagflation is looming...
And The Fed is hiking into its face.
Copyright ©2009-2014 ZeroHedge.com/ABC Media, LTD; All Rights Reserved. Zero Hedge is intended for Mature Audiences. Familiarize yourself with our legal and use policies every time you engage the site: they're updated constantly without notice.
Comments
Log in or sign up to join the conversation.