Subject: Inflation shock
Core producer prices hit 3-year high in July in 'head-scratching' inflation surge

Producer prices in July rose faster than forecast across the board, giving investors and the Federal Reserve an inflation surprise just over a week out from Fed Chair Jay Powell's crucial Jackson Hole speech.

The Producer Price Index (PPI) for July showed inflation for businesses rose 0.9% over the prior month in July, well ahead of the 0.2% increase that was forecast data from the BLS showed Thursday. On an annual basis, prices rose 3.3%, the most since February. Yahoo News