PPI’s Fiery Embrace: Stocks Shiver, Stagflation Whispers Rise

The Producer Price Index, that paragon of wholesale-level inflation, is the sort of data point one might expect from a particularly dramatic accountant. It is what businesses pay before passing their exorbitant costs to consumers, making it a leading signal for the Federal Reserve’s policy decisions-or, as one might call it, the Fed’s very own Greek chorus.