PPI Wednesday

Today's Producer Price report came in hotter than expectations for the third month on a row. This is/was to be expected, given the sharp rise in energy and crude oil prices over the past three months. A more important question is where does this all head from here?

To that end, is inflation becoming more endemic? Do you recall all of those trial balloons before Jackson Hole regarding The Fed raising their inflation target from 2% up to 3%? Is that where this is headed?

Further, does that help to explain the immediate and full reversal of the headline-scanning algo-driven...

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Key Economic Events Week of 2/19

2/20 10:00 ET LEIII
2/21 8:00 ET Goon Bostic
2/21 1:00 ET Goon Bowman
2/21 2:00 ET January FOMC minutes
2/22 9:45 ET S&P flash PMIs February
2/22 10:00 ET Home sales
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2/22 3:15 ET Goon Harker