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.
It’s Your Money, Your Future—Own It (sponsor)
Retirement can be daunting, but it doesn’t need to be.
Imagine having an expert in your corner to help you with your financial goals. Someone to help you determine if you’re ahead, behind, or right on track. With SmartAsset, that’s not just a dream—it’s reality. This free tool connects you with pre-screened financial advisors who work in your best interests. It’s quick, it’s easy, so take the leap today and start planning smarter!
Don’t waste another minute; get started right here and help your retirement dreams become a retirement reality.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
Our expert who first called NVIDIA in 2009 is predicting 2025 will see a historic AI breakthrough.
You can follow him investing $500,000 of his own money on our top AI stocks for free.