But this week, a one-two punch of bad economic data has some experts waiting for another uppercut. At the same time, producer price inflation, which tends to lead consumer price inflation, also came in above Wall Street’s expectations for the second straight month on Thursday. The Jab: Rising Producer PricesThe quick jab that hit the economy first on Thursday was an elevated producer price inflation reading. After sticking at or below 1.1% since October, including just 1% in January, February’s PPI inflation data is a step in the wrong direction. That marks the fourth consecutive month previous producer inflation data was revised lower.

Source: Punch March 15, 2024 12:32 UTC