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13.11.26 - 16:33
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Rate-Hike Odds Steady As Food & AI Lift Producer Price Inflation To 4 Year High (ZeroHedge)
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Rate-Hike Odds Steady As Food & AI Lift Producer Price Inflation To 4 Year High
After the hotter-than-expected CPI earlier in the week, wholesale inflation was expected to accelerate at a slower pace in October (relative to the +1.3% MoM surge in September).Headline Producer Prices printed just slightly cooler than expected (+0.3% MoM vs +0.4% MoM exp), lifting PPI up 6.5% YoY (from 6.3% YoY in September). That is the highest YoY print since Nov 2022On a MoM basis Energy actually deflated (but is accelerating YoY)...With Fuel inflation absolutely dominant......but arguably that is 'peaking' this month, given the rapid decline in crude prices in the last month...Food prices are soaring though...Core PPI (Ex-Food and Energy) rose 0.3% MoM as expected and up 5.0% YoY...Goods prices rose at a faster pace than Services costs but both rose in October (for the 3rd straight month)...And AI is also having a sizable effect with the recent rapid surge in memory prices has stabilized (but is not dro...
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13.11.26 - 15:15
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Wholesale inflation declined last month yet remains stubbornly elevated (The Hill)
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WASHINGTON (AP) — Wholesale inflation cooled a bit last month yet remains elevated, evidence of stubbornly higher prices that have soured Americans on the economy and fueled big gains for Democrats in the midterm elections last week. The Labor Department's producer price index — which captures inflation before it reaches consumers — rose 0.3% from......
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13.11.26 - 14:54
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US Wholesale Inflation Climbs to Fastest Pace Since 2022 (Bloomberg)
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US wholesale inflation remained elevated in October, as the producer price index rose 6.5% from a year earlier. The PPI advanced 0.3% from a month earlier, according to Bureau of Labor Statistics data out Friday. Michael McKee reports on Bloomberg Television. (Source: Bloomberg)...
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13.11.26 - 14:06
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Spain Inflation Remains Stable; Matches Estimate (AFX)
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MADRID (dpa-AFX) - Spain's consumer price inflation remained stable in October, final data from the statistical office INE revealed Friday.The consumer price index logged a steady growth of 4.9 pe......
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13.11.26 - 12:36
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Microsoft Races to Fix Outage, Stocks Slip of Inflation Test (Bloomberg)
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Microsoft is struggling to restore access to its flagship software half a day after an outage began, leaving users unable to access email and chat services in one of the tech giant's most severe disruptions in recent memory.
US stock futures edged lower ahead of inflation data that will cap a dramatic week of mounting bets on Federal Reserve interest-rate hikes and the ouster of Jensen Huang at Nvidia.
The Opening Trade has everything you need to know as markets open across Europe. With analysis you won't find anywhere else, we break down the biggest stories of the day and speak to top guests who have skin in the game. Hosted by Anna Edwards, Guy Johnson and Tom Mackenzie.
Correct: Graphic edited at 00;34;36;07 to update Lagarde departure month. (Source: Bloomberg)...
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