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Mike Shedlock: Produce Price Index data supports December Fed rate hike

Mike Shedlock: Produce Price Index data supports December Fed rate hike
Produce Price Index supports Fed rate hike

Data on the Produce Price Index indicates further support for a Federal Reserve interest rate hike in December.

Mike Shedlock, author and blogger at MishTalk, also described year-over-year trends as "downright awful."

Shedlock has previously commented on major shifts in key financial indicators. Earlier this year, he highlighted a major collapse in U.S. Treasury yields over two weeks. He also questioned the implications of a sharp decline in Intel stock following a weak company forecast.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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