October PPI annual increase reaches 6.5%, raising possibility of interest rate hikes
PPI Astoria Real Assets ETF
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View chart & analysis → - 1The US Bureau of Labor Statistics announced an annual PPI increase of 6.5% for October compared to the same period last year.
- 2October consumer price inflation was recorded at 0.4% and October core CPI at 0.3%.
- 3According to current FedWatch data, the probability of a 0.5 percentage point interest rate hike in December exceeds 12%.
So what's the key point?
The US Bureau of Labor Statistics announced that the annual PPI increase for October was 6.5% compared to the same period last year.
Source The Motley Fool +1 · View original ↗
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