Headline PPI increased by 8% year over year in October, down from forecasts of 8.3%, while core PPI also rose less than predicted, leading markets to rally briefly last week. But is a soft landing still possible in the current economic environment?

“Landing this plane is tough, and the mixed bag of econ data probably shows that we’re at least on the right path…probably,” writes Trepp’s Stephen Buschbom in a new analysis. “But the ‘extra special’” Fed speaking about higher rates and persistent inflation is disconcerting, especially given the massive number of layoffs that seems to be coming through the headlines these days. With headlines like FTX and Twitter pinging the windshield of the plane, let’s just hope that we don’t get some dicey weather and strong crosswinds to blow us off track, or worse, cause the plane to stall and crash!”

Lynn Pollack

 

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