10/12 Recap. PPI Was Hot, Will CPI Be Tomorrow?

That’s a tough one to answer, likely CPI will be hot. This stuff doesn’t cool off easily, we’re in uncharted waters here. We now have 96% odds that the FED will hike 75 BPS in November. Personally I’ve wanted the FED to cool off on the hikes until we see longer term numbers, but they’re full speed ahead. This is really suicidal what they’re doing becaus…