PPI Report Builds Case For Rate Hike | S3 E166 | 09-10-26

Markets with Megan: A Quick Financial Markets Update · Sep 10, 2026 · 3m · transcript

Inflation came in as expected. The problem? “As expected” is still too hot. The latest Producer Price Index showed inflation pressures continuing to build:

📈 Headline PPI: +5.4% year over year

📈 PPI excluding food, energy and trade: +4.7%

✈️ Airline prices: nearly +20% year over year

⚖️ Legal services: about +8%

🏥 Hospital inpatient care: +4.3%

Those details matter because several feed into the Fed’s preferred PCE inflation gauge, and they’re not giving policymakers much reason to feel comfortable.

Markets are taking notice. The probability of a rate hike at next week’s Fed meeting has…