Know The Difference Minute

The plan was for half-point jumps in June and July as long as data came in as expected. That is no longer the case.

What is Know The Difference Minute?

Hot topics, fresh stories and useful formation; all in 60 seconds

All eyes on the Fed.
Welcome to the Know the Difference Minute for Flag Day, Tuesday, June 14th.
One day ahead of the next rate hike move by the Federal Reserve comes another reminder of inflation’s grip on the economy.
PPI is the Producer Price Index. It’s the index that measures what suppliers charge businesses and other customers for their output. And…it’s up again. Officially, 10.8% in the last year and double April’s increase. Energy made up most of the increase, up 5% for the month.
So, at 1pm tomorrow, we’ll be watching what is to come. After the last Fed meeting, the plan was for half-point jumps in June and July as long as data came in as expected. That is no longer the case. Now, markets expect a short-term rate increase of 75 basis points, something we haven’t seen since November 1994.
I’m Dave Spano from Annex Wealth Management. That is your Know the Difference Minute.