Debt Desk — Debt Desk — October 16, 2026: Hot Wholesale Prices, Falling Long Yields and Selective Credit
Good morning. It is Friday, October sixteenth.
The national brief begins with an economy that is sending two strong signals at the same time: prices are climbing quickly, and consumers have not stopped spending.
The Producer Price Index rose 1.3 percent in September, the largest monthly increase since March of 2022. From a year earlier, wholesale prices were up 6.3 percent. Energy was a major driver, but the increase was broad enough to reinforce the warning from Wednesday's consumer inflation report.
That matters because producer prices are what businesses pay before products and…
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