The key components of the PPI that feed into the core PCE deflator were fairly strong in August, raising the chance of the Fed hiking interest rates next week. Admittedly, that still depends on the more important core CPI figure tomorrow. Nonetheless, with the PPI data overall still looking relatively hot, the Fed seems likely to hike this year even if it doesn’t pull the trigger this month.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.
