POPA ReconInflation is RED hot in the US.
Inflation is RED hot in the US. For anyone not keeping track, US CPI inflation is now nearly double the Fed's 2% target and US PPI Inflation is more than triple that target. PPI inflation was expected to fall in August, but instead it surged to 6.3%, its second highest level in 4 years. And, month-over-month Headline PPI inflation surged +1.3%, more than doubling the +0.6% expected and the second largest jump since March 2021. Meanwhile, month-over-month Core PPI inflation came in +133% above expectations. The prices Americans are seeing now will look cheap in 12 to 24 months. All you ca…
The excerpt is quoted from a public Telegram channel, which owns its text.