CPI 7.0%
Near 40-year high
PPI 9.7%
Highest since records began in 2010
O/N Fed funds target rate
00-0.25%
The funds to CPI correlation suggests the Fed is well behind in raising rates
Commodity and U.S. dollar reaction?
Contingent on how fast other central banks move their own benchmark rates
Host: Michael Caughlan, President & CEOExpert: Shawn Bingham, Director of Risk Management