Structurally Embedded

The city of Ledgerville, where wholesale prices just rose six point three percent in a year. Baron Von Bottomline: inflationary headwinds are structurally embedded, in perpetuity! Dash: translation, prices never slow; last month, mostly fuel. Pop: eggs fell thirty-nine point seven percent! Zap: five and a half years above two percent.

Wholesale prices rose 6.3% in the year to September, the fastest since December 2022, and 1.3% in September alone against 0.6% expected, with energy behind more than 80% of the monthly rise as gasoline jumped 20.3%; inflation has topped the Fed's 2% target for five and a half years, the fact behind one commentator's post that '2% inflation is a myth', a judgment that is his.

Starring

🎙️The AnnouncerDashPopZapBaron Von Bottomline