WS #15958
Holding: newest synthesis is 9d 18h old
Wholesale inflation came in much hotter than expected, with PPI surging 1.3% and mortgage rates hovering at 7.4%, the highest level since 2023. This data confirms the Fed's work is not done, dampening hopes for imminent rate cuts and reinforcing the bearish environment for high-multiple growth stocks and rate-sensitive sectors like housing and real estate.
Inflation Shock & Rate Hike Bets
Wholesale inflation came in much hotter than expected, with PPI surging 1.3% and mortgage rates hovering at 7.4%, the highest level since 2023. This data confirms the Fed's work is not done, dampening hopes for imminent rate cuts and reinforcing the bearish environment for high-multiple growth stocks and rate-sensitive sectors like housing and real estate.