CPI meet PPI
Welcome to the Know the Difference Minute for Thursday, July 14th. 
Yesterday, consumer prices. Today, wholesale. 
In the never-ending search for a sign that inflation is slowing, we need to keep looking.  Yesterday’s 9.1% increase in CPI was followed by today’s 11.3% jump in what’s called the ‘producer price index’. 
Simply put, the PPI is a monthly measure of change in prices received by domestic producers. It’s not what we buy—but what it costs businesses that make the things we buy. With higher input costs—many businesses raise prices. It fuels the inflation cycle. 
Word has been spreading of a potential 100 basis point jump at the Fed meeting on the 27th.  Odds of that mega-sized rate hike from CME Group’s FedWatch tool has it in the 50% range.  If a 100 basis point increase lands, it’ll be the largest increase in modern Fed history. 
For Dave Spano, I’m Danny Clayton from Annex Wealth Management.  That is your Know the