Advertisement
Features

Money Minute Tuesday 8 October: US inflation

In today's Money Minute we look to the latest producer price inflation figures from the US.

Today in the UK, parliament is being suspended or prorogued again, ahead of a Queen's Speech next Monday.Unlike last time, this prorogation is not controversial and won't be challenged.

In the US, meanwhile, we get the latest on producer price inflation.This is sometimes known as "pipeline inflation" because it looks at costs for producers rather than consumers.

Advertisement - Article continues below

If prices are persistently rising for the producers of goods, then you would expect them to pass at least some of those price increases on to retailers and then to consumers.Core producer price inflation is currently running at above 2%.

That said, with oil prices behaving themselves, the Federal Reserve may be able to take a relaxed view towards inflation for now.

Markets will also be closely watching Fed boss Jerome Powell for hints as to the Fed's next move when he makes a speech to US economists and academics in Denver later today.

Advertisement
Advertisement

Recommended

How long can the good times roll?
Economy

How long can the good times roll?

Despite all the doom and gloom that has dominated our headlines for most of 2019, Britain and most of the rest of the developing world is currently en…
19 Dec 2019
7 August 1978: Love Canal declared a disaster
This day in history

7 August 1978: Love Canal declared a disaster

On this day in 1978, US president Jimmy Carter declared a Federal Emergency over contamination from toxic waste stored at the defunct Love Canal.
7 Aug 2020
The MoneyWeek Podcast: how to age well and profit from the “longevity dividend”
Investment strategy

The MoneyWeek Podcast: how to age well and profit from the “longevity dividend”

Merryn talks to economist and author Andrew J Scott and discusses how we can profit from the "longevity dividend" as we live longer; why we need to re…
6 Aug 2020
5 August 1976: Big Ben breaks down for the first time in 117 years
Economy

5 August 1976: Big Ben breaks down for the first time in 117 years

The Great Westminster Clock, AKA Big Ben, ran smoothly for over 100 years until, on this day in 1976, metal fatigue took its toll and the clock broke …
5 Aug 2020

Most Popular

Eagle Lightweight GT: the reincarnation of the E-type Jag
Toys and gadgets

Eagle Lightweight GT: the reincarnation of the E-type Jag

Jaguar’s classic E-type sports car has been reinvented for the modern age. The result – the Eagle Lightweight GT – is a thing of beauty.
7 Aug 2020
Platinum: the precious metal that looks set to play catch-up with silver and gold
Silver and other precious metals

Platinum: the precious metal that looks set to play catch-up with silver and gold

Gold and silver continue to soar, but there's still time to get in. And there's another precious metal that looks set to go on a bull run too, says Jo…
7 Aug 2020
The MoneyWeek Podcast: how to age well and profit from the “longevity dividend”
Investment strategy

The MoneyWeek Podcast: how to age well and profit from the “longevity dividend”

Merryn talks to economist and author Andrew J Scott and discusses how we can profit from the "longevity dividend" as we live longer; why we need to re…
6 Aug 2020