Inflation is RED hot in the US.

For anyone not keeping track, US CPI inflation is now nearly double the Fed's 2% target and US PPI Inflation is more than triple that target.

PPI inflation was expected to fall in August, but instead it surged to 6.3%, its second highest level in 4 years.

And, month-over-month Headline PPI inflation surged +1.3%, more than doubling the +0.6% expected and the second largest jump since March 2021.

Meanwhile, month-over-month Core PPI inflation came in +133% above expectations.

The prices Americans are seeing now will look cheap in 12 to 24 months.

All you can do is own assets.
(@TheKobeissiLetter)