Well, it's official: the inflation peak of the post-covid era is now behind us (that we will get another reflationary ascent is a question of when not if, but for now it's over the horizon), and as BBG's Chris Antsey writes, today's 0.2% reading for core monthly CPI takes us back to “old normal” for...

Just days after the CPI missed across the board sparking a record surge in stocks, moments ago the PPI followed suit when the BLS reported that in October wholesale inflation not only eased across the board but missed every single forecast, with the highlight being the unchanged print in core PPI, a...