On the 15th local time, the US Bureau of Labor Statistics released the September producer price index. According to the data, the US PPI showed significant month-on-month and year-on-year increases in September, and the market is concerned that upstream cost pressure may be further transmitted to the consumer side. After the data was released, market expectations for the Fed's interest rate hike heated up. PPI data is an important indicator for measuring changes in the prices of goods and services sold by producers. It is also a window for observing upstream inflationary pressure. The latest PPI data that exceeds expectations already means that inflationary pressure is being transmitted from the energy sector to the wider real economy. According to forecasts from 7 Wall Street institutions compiled by CNBC, another major inflation indicator that the Federal Reserve focuses on, the core personal consumption expenditure price index, will also increase 0.32% month-on-month in September, up from 0.25% in August. Therefore, whether it is the currently published or estimated data, the market believes that the Federal Reserve has no choice but to raise interest rates again this year. Some economists said in an interview that the Federal Reserve may act as soon as this month.
Zhitongcaijing · 2d ago
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On the 15th local time, the US Bureau of Labor Statistics released the September producer price index. According to the data, the US PPI showed significant month-on-month and year-on-year increases in September, and the market is concerned that upstream cost pressure may be further transmitted to the consumer side. After the data was released, market expectations for the Fed's interest rate hike heated up. PPI data is an important indicator for measuring changes in the prices of goods and services sold by producers. It is also a window for observing upstream inflationary pressure. The latest PPI data that exceeds expectations already means that inflationary pressure is being transmitted from the energy sector to the wider real economy. According to forecasts from 7 Wall Street institutions compiled by CNBC, another major inflation indicator that the Federal Reserve focuses on, the core personal consumption expenditure price index, will also increase 0.32% month-on-month in September, up from 0.25% in August. Therefore, whether it is the currently published or estimated data, the market believes that the Federal Reserve has no choice but to raise interest rates again this year. Some economists said in an interview that the Federal Reserve may act as soon as this month.
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