All Posts Tagged: producer price inflation
Just when the market and the Federal Reserve had lost all hope on inflation, we will be watching next week’s inflation data for August with a keen interest.
For more on this, see highlights of my report below, followed by a link to the full U.S. Outlook, delivered on Sept. 8.Key observations:
- Hurricanes Harvey and Irma should only add to the upward price pressure on commodities as building gets underway.
- Producer prices in the construction sector are rising at the fastest pace since 2014.
- From a year ago, retail gas prices are now up 20.5%.
- We think the chance of a December rate hike from the Fed is at just over 50%.