Oil Leads -> PPI -> CPI aka Inflation💵 Unpopular Opinion💵
PPI MoM came in today lower than expected at 0.2! But as we can see here below. OIL price is curving up. OIL leads, then PPI ( Producer Price Index ) goes up, leading to Consumer Price Index goes up! 😭
Oil 📈 PPI 📈 CPI 📈
"Soft Landing" they said! More like kick it to tomorrow!