After the hotter-than-expected PPI print, Consumer Prices confirmed that inflation is running hot with the fastest rise since Feb 2012.
Notably core CPI (at 2.2%) has been above The Fed’s mandated 2% ‘price stability’ level for 15 months in a row.
Image may be NSFW.
Clik here to view.
Of course, one of the big drivers of this price surge is in shelter and rent inflation…
Image may be NSFW.
Clik here to view.
Combined with the weakest GDP growth outlook in over a year, it appears stagflation is looming…
Image may be NSFW.
Clik here to view.
And The Fed is hiking into its face.
Image may be NSFW.
Clik here to view.
