Inflation is just not appearing in the broad economic numbers. A fresh report from the U.S. Department of Labor actually is not that fresh, but it is the most recent report on inflation because of a delay from the federal government shutdown. The Labor Department reported that the Producer Price Index (PPI) fell by 0.1% on the headline PPI in September. The ex-Food and Energy PPI, the core PPI, rose by 0.1% in September.
Bloomberg had estimates for a 0.2% gain on the headline, with the core PPI expected to be a gain of only 0.1%.
What this report means is that the fear inflation is still just a fear. The numbers are not showing inflationary pressures. The long and short of the matter is that this gives Ben Bernanke, and Janet Yellen, room to keep buying up $85 billion worth of Treasuries and mortgage-backed securities until the end of days.
We would encourage readers to remember that this is the start of a two-day FOMC meeting.
Get Ready To Retire (Sponsored)
Start by taking a quick retirement quiz from SmartAsset that will match you with up to 3 financial advisors that serve your area and beyond in 5 minutes, or less.
Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests.
Here’s how it works:
1. Answer SmartAsset advisor match quiz
2. Review your pre-screened matches at your leisure. Check out the advisors’ profiles.
3. Speak with advisors at no cost to you. Have an introductory call on the phone or introduction in person and choose whom to work with in the future
Get started right here.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
