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  • Producer Price Indexes - September 2022

    From bls.gov

    The Producer Price Index for final demand increased 0.4 percent in September, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. Final demand prices declined 0.2 percent in August and 0.4 percent in July. (See table A.) On an unadjusted basis, the index for final demand advanced 8.5 percent for the 12 months ended in September. In September, two-thirds of the increase in the index for final demand can be traced to a 0.4- percent rise in prices for final demand services. The index for final demand goods also advanced 0.4 percent. Prices for final demand less foods, energy, and trade services ... (full story)

Added at 8:32am

Added at 8:42am

  • Wholesale prices rose 0.4% in September, more than expected as inflation persists

    From cnbc.com

    Wholesale prices rose more than expected in September despite Federal Reserve efforts to control inflation, according to a report Wednesday from the Bureau of Labor Statistics. The producer price index, a measure of prices that U.S. businesses get for the goods and services they produce, increased 0.4% for the month, compared to the Dow Jones estimate for a 0.2% gain. On a 12-month basis, PPI rose 8.5%, which was a slight deceleration from the 8.7% in August. Excluding food, energy and trade services, the index increased 0.4% for the month and 5.6% from a year ago, the latter matching the August increase; excluding ... (full story)

Lol =))
the more the FED raise rates the higher inflation goes
its good or not good/ for usd?
USD/JPY clear move to rise 153 what I can see
ATTENTION ! : when inflation is higher than month before every month, DXY will go up and everything goes down ! Honestly this market is one big joke. CPI goes up then wallstreet do "selloff" - because they are scared of hawkish FED.

this mean, doesnt matter what you see on graphs, just short everytime these bunch of "big brains" gonna drop news.
Not good news for CPI tomorrow as well, the USD will keep going up I guess for now.
Inflation is definitely not transitory but is actually very, very sticky. The fed might even have to do full point hike next meeting if 0.75 is not getting the job done. I wonder if market would actually price that in.
We will see a strong buy USD/JPY today if cross 147
Quoting Ftmofx
USD/JPY clear move to rise 153 what I can see
It's going in that direction, but I don't expect 153. 150 is the top in my opinion. It's just that BoJ will intervene very soon, so the price will not have time to get there..

Maybe even 150 is already too much..
It's time to start asking if the Fed's raising of rate is enough to tame an inflation that is mainly caused by supply chain disruption.
  •  Guest
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Supply chain disruption along with high gas prices are just side effects to inflation.
Learn more about here:
https://youtu.be/GJ4TTNeSUdQ
Inflation is tied directly to energy, raising interest rates will only exacerbate the problem. Getting rid of Biden and Trudeau is the only fixed.
Quoting sixth sense
Inflation is definitely not transitory but is actually very, very sticky. The fed might even have to do full point hike next meeting if 0.75 is not getting the job done. I wonder if market would actually price that in.
How quick would you expect inflation to decrease due to the hikes and will prices go back to where we came from? believe things takes time and we need to let the adjustments sink in and let it do its work. Nothing happens over night. Nobody seem to recognize that this is a ship that need turned and that doesnt just happen. That is why FED is on track to a doing a major major mistake - that makes it 2 out of 2 (at least)
  •  Guest
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It's very obvious. The more money chasing goods, the more the prices rise. The congressional idiots here keep pumping more and more money into our economy and wonder where did inflation come from. The answer is simply - restraint. The Fed here is cutting back access to money by raising rates. This is a proven safe way to curb inflation. The better way may be to penalize big spenders. Our election next month will reveal our citizens view of the spenders and of inflation.
Quoting fxx360
Inflation is tied directly to energy, raising interest rates will only exacerbate the problem. Getting rid of Biden and Trudeau is the only fixed.
So WTF has Biden or Trudeau to do with raising interest rates?
Monetary policy is determined by the Fed?
Warning: A Dangerous Subversive: 1% of comments CoCed
Quoting RossEdwards
{quote} So WTF has Biden or Trudeau to do with raising interest rates? Monetary policy is determined by the Fed?
Policies and decisions that came from elected officials helped create this situation ie lockdowns, the money printing during covid, and aid packages we are seeing now

You don't think Fiscal policies have any effect and are the reason we need to raise interest rates to the extent they are supposed to be raised now.?

Getting rid of trudeau and Biden wont fix the problem perse, as their actions have already been taken, but let some blame fall where it should as well.
Quoting 1hr
{quote} Policies and decisions that came from elected officials helped create this situation ie lockdowns, the money printing during covid, and aid packages we are seeing now You don't think Fiscal policies have any effect and are the reason we need to raise interest rates to the extent they are supposed to be raised now.? Getting rid of trudeau and Biden wont fix the problem perse, as their actions have already been taken, but let some blame fall where it should as well.
That development you refer to happened long before Biden took office. In fact I believe his recent predecessor was the one putting the FED under an extreme political pressure and part of what we are seeing now relates to that.
Quoting Banditten
{quote} That development you refer to happened long before Biden took office. In fact I believe his recent predecessor was the one putting the FED under an extreme political pressure and part of what we are seeing now relates to that.
Yes you are very correct about that
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    BOJ's Kuroda: The BOJ will continue easing to hit price stability target

    From @financialjuice|Oct 12, 2022|1 comment

    tweet at 8:14am: BOJ'S GOVERNOR KURODA: THE BOJ WILL CONTINUE EASING TO HIT PRICE STABILITY TARGET. tweet at 8:15am: BoJ’s Gov Kuroda: - Japan Economy Still Recovering From Pandemic - BoJ Has to Support Economic Recovery - BoJ Will Continue Easing to Hit Price Stability Target - Big Difference in Monetary Policy With US, Europe tweet at 8:16am: BoJ’s Gov Kuroda: - Once the Impact of Energy, Fuel Price Rises Start Waning, Japan’s Inflation Rate Will Slow Down to Less Than 2% in Next Fiscal Year - We Will Continue Our Monetary Easing to Achieve 2% Inflation Target in Stable and Sustainable Manner tweet at 8:34am: BOJ'S GOVERNOR KURODA: YEN DEPRECIATION COULD HAVE GOOD IMPACT ON MACRO-ECONOMY AS A WHOLE, BUT THERE ARE SOME SECTORS WHICH ARE SUFFERING FROM WEAK YEN.BOJ's Kuroda: If FX movement is so fast and unidirectional, it's probably speculation The MOF handles intervention but clues often come from the Bank of Japan and Kuroda is out with a warning: • If currency moves are so fast and unidirectional, they're probably cuased by speculation and that would be bad for the economy • Yen deprecation may have good impact on macreconomy as a whole, but there are some sectors which are suffering from a weak yen • We have to be carefully watching and analyzing the impact of currency movements on the economy It looks like we're going to have a game of chicken in USD/JPY until closer to 150.00. Last up 95 pips to 146.82 and accelerating after PPI and Kuroda.

    ECB’s Knot: We Need at Least Two More Significant Hikes

    From @sevenloI|Oct 12, 2022

    tweet at 8:23am: *ECB’s Knot: - Must End This Accommodative Phase of Policy - We Need at Least Two More Significant Hikes - Inflation Is Way Too High in Europe - Underlying Inflation Is Pointing in the Wrong Direction - Bond Markets Are More Sensitive To Debt Sustainability

    NIESR Monthly GDP Tracker

    From niesr.ac.uk|Oct 12, 2022

    “GDP contracted by 0.3% in August, possibly signalling the beginning of an economic recession. The significant drop in private sector output was led by an unexpected contraction ...

    •   Newer Stories
    EUR/USD Struggles as Markets Look To EU Energy Meet

    From dailyfx.com|Oct 12, 2022

    The Euro is clinging to modest signs of stabilization on Wednesday, from last week’s sharp selloff, but this respite comes amid obvious headwinds and looks extremely shaky. The ...

    Let the roller coaster continue

    From think.ing.com|Oct 12, 2022|1 comment

    The IMF delivered a warning signal yesterday as it cut its year-ahead world GDP forecast for the third time this year, from 2.9% to 2.7%. Interestingly, the theme of excessive ...

    ECB's Lagarde: We are seeing a world that presents quite a lot of threats

    From @MaceNewsMacro|Oct 12, 2022

    tweet at 9:34am: ECB PRESIDENT CHRISTINE LAGARDE AT IIF EVENT: 'WE ARE SEEING A WORLD THAT PRESENTS QUITE A LOT OF THREATS' #ecb #eurozone #christinelagarde #monetarypolicy #inflation tweet at 9:38am: ECB’s Lagarde: - Seeing a World With Quite a Lot of Threats - Central Banks Need to Cooperate With Each Other - Central Banks Must Understand Spillovers, Spillbacks - Monetary, Fiscal Policy Must Cooperate tweet at 9:42am: #ECB must decide rates on a meeting by meeting basis says Lagarde: Must be guided by the data. via @24liveblog https://t.co/9e0vawRzIG tweet at 9:44am: *LAGARDE: EUROPE IS NOT IN RECESSION *LAGARDE: JOBLESS RATE IS AT LOWEST EVER ok

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