Produce Price Morning

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The last major economic data point that will tumble in before the crooks at the FOMC hold their kabuki theatre meeting will be the Produce Price Index, which is forecast to be 1% for the month. (As we’ve noted in the hallowed halls of Slope, inflation is running at 20% presently, and is sure to rise). Let’s just say we wouldn’t be surprised to see this coming in scorching hot. The number is release (to us peons in the public, at least) one hour before Tuesday’s opening bell.