Today’s PPI Report Is Not Predictive Of The Upcoming CPI Data

<p>“I’ve never heard a central banker basically threaten the market.” Bob Iaccino breaks down the hotter than expected PPI print, as well as his thoughts on recent remarks made by the Bank of England Governor Andrew Bailey. Bob explains how PPI has gained in importance as strategist around the world are attempting to map out Fed policy. Although the number came in higher than expected, he said it does not give him enough to speculate on Thursday’s CPI print.</p>