PPI hits 4-year high with 6.5% year-on-year increase last month
PPI Astoria Real Assets ETF
$19.32 -0.22%
View chart & analysis → - 1PPI reached 6.5% year-on-year last month, marking a nearly 4-year high.
- 2October PPI rose 0.3% month-on-month, lower than the previous month's unrevised 1.3% month-on-month increase.
- 3Fed officials are discussing whether a 50bp rate hike would be more appropriate at the December 8-9 meeting.
So what's the key point?
The indicator representing the cost of manufacturing reached 6.5%, the highest level in 4 years. Fed officials are discussing whether it is appropriate to raise interest rates by 0.5 percentage points at the December meeting.
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