PPI

The October PPI report put wholesale inflation at 6.5% a year, the highest since November 2022. The month itself came in a little cooler than forecast: producer prices rose 0.3% against a 0.4% consensus in the BLS release at 8:30 a.m. ET (22:30 KST) on Friday. Energy did it: final demand energy slipped 0.1% after a 10.0% jump in September, and diesel fell 7.9%. That small miss doesn’t take a December 9 Fed hike off t…

The BLS publishes October producer prices on Friday, November 13 at 8:30 ET. September’s index jumped about 1.34% in one month and sits 6.35% above a year earlier. Here’s what a hot or cool October print would mean for the 5.0% 10-year yield, the dollar, stocks, gold, bitcoin and your own money.