U.S. inflation soared in January, with PPI exceeding expectations

Analyst Cameron Crise stated that the soaring inflation in the United States in January seems to be real, as today's PPI exceeded all expectations, especially the core indicators. Despite a slight downward adjustment of previous data, this appears to be a hot report which should push up expectations for core PCE. This seems to indicate that yields will return to their highs after CPI, and may even provide a catalyst for U.S. stocks, prompting a "usual" correction before the U.S. election. The weak start rate of new homes could perhaps serve as a rebuttal argument but from a macro perspective, it is undoubtedly correct.