U.S. inflation soared in January, with PPI exceeding expectations
Bitget2024/02/16 14:34
Analyst Cameron Crise stated that the soaring inflation in the United States in January seems to be real, as today's PPI exceeded all expectations, especially the core indicators. Despite a slight downward adjustment of previous data, this appears to be a hot report which should push up expectations for core PCE. This seems to indicate that yields will return to their highs after CPI, and may even provide a catalyst for U.S. stocks, prompting a "usual" correction before the U.S. election. The weak start rate of new homes could perhaps serve as a rebuttal argument but from a macro perspective, it is undoubtedly correct.
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