Inflation Update:
1. CPI inflation up 2 straight months - first time since September 2023
2. PPI inflation nearly doubled YoY - highest since October 2023
3. 3M-annualized Supercore - highest since June 2023
4. 6M-annualized Core CPI - highest since July 2023
5. 3M-annualized Core CPI - highest since May 2023
6. 6M-annualized Services CPI - highest since February 2023
Still expecting a Fed pivot?
