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.
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%.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
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.
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
-
New customer inflows sees double digit growth for equity release. Should you unlock cash from your property?
Industry data shows double digit growth in the equity release market during the second quarter. We explain what is driving the rise
By Marc Shoffman Published
-
What is an offset mortgage and should you consider one?
Mortgages Offset mortgages are a good way to put your money to work. We explain what they are and if they might work for you.
By Ruth Jackson-Kirby Published