Money Minute Wednesday 9 October: Japan's “pipeline inflation”
In today's Money Minute we’ll get data on producer price inflation and machinery orders in Japan.
In the US latest today, the minutes from the Federal Reserve's most recent interest-rate setting meeting are released.As usual, the minutes will be picked over in great detail. Small shifts in language, or in the forecasts of individual members, can be made to seem extremely important by commentators and analysts.
However, the reality is that they have been superseded by events and probably have little relevance for the Fed's next interest rate decision at the end of this month.
And looking ahead to early tomorrow morning, we'll get data on producer price inflation and on machinery orders from Japan.Producer prices often described as "pipeline inflation" are still falling on an annual basis in Japan, and analysts expect that to have continued in September.Data for machinery orders shows how much equipment Japanese businesses have ordered. It gives an idea of how optimistic they are about future demand.
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
The data tends to be very volatile from one month to another. However overall the figure has been trending higher.
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.
-
Inflation holds steady at 3.8% ahead of BoE meeting
The rate of inflation did not rise in August, but the Bank of England is still expected to keep interest rates on hold tomorrow
-
Thousands of savers with £250k pensions take cash over tax-free money and IHT fears
With a record £70 billion withdrawn from pensions in the year to March, experts are concerned savers are making knee-jerk decisions without advice that could affect their long term wealth