U.S. producer prices rose 5.4% over the past year, Charlie Bilello said, adding to signs of persistent inflation. Prices are up 4.1% annualized over five years, he argued, saying the Fed’s 2% target lacks credibility.
published
U.S. producer prices rose 5.4% over the past year, Charlie Bilello said, adding to signs of persistent inflation. Prices are up 4.1% annualized over five years, he argued, saying the Fed’s 2% target lacks credibility.
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