11/15: MetroIntelligence Economic Update by P. DUFFY

October Producer Price Index up just 1.1 percent year-on-year, smallest rise in 3 years The Producer Price Index for final demand increased 0.4 percent in October after falling 0.3 percent in September, and was up 1.1 percent year-over-year, for the smallest annual rise since October 2016.  The index for final demand less foods, energy, and trade services inched up 0.1 percent in October after no change in September, and was up 1.5 percent year-on-year. https://www.bls.gov/news.release/ppi.nr0.htm   Atlanta Fed:  November year-ahead inflation expectations rise to 2.0 percent Firms’ year-ahead inflation expectations…

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11/14: MetroIntelligence Economic Update by P. DUFFY

October Small Business Optimism Index rose 0.6 point to 102.4 The October Small Business Optimism Index rose another 0.6 point to 102.4, buoyed by eight of the 10 Index components advancing, as talk of a recession waned in October. The Uncertainty Index declined 4 points but remains historically high heading into an election year. https://www.nfib.com/surveys/small-business-economic-trends/   CPI up 0.4 percent in October and 1.8 percent year-on-year The Consumer Price Index for All Urban Consumers (CPI-U) rose 0.4 percent in October after being unchanged in September, and was up 1.8 percent…

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