PPI Report Builds Case For Rate Hike | S3 E166 | 09-10-26

Inflation came in as expected. The problem? “As expected” is still too hot. The latest Producer Price Index showed inflation pressures continuing to build: 📈 Headline PPI: +5.4% year over year 📈 PPI excluding food, energy and trade: +4.7% ✈️ Airline prices: nearly +20% year over year ⚖️ Legal services: about +8% 🏥 Hospital inpatient care: +4.3% Those details matter because several feed into the Fed’s preferred PCE inflation gauge, and they’re not giving policymakers much reason to feel comf...