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ppi tracks the prices that producers pay for their goods. it shows wholesale inflation jumped by.4% in august. double from august, double the forecast. with that september increase, the ppi is up 8 1/2% over this time last year. tomorrow we get the overall inflation picture with the consumer price index report for september. with the ppi higher for producers, it will be higher for us to buy stuff, too. we brace. a grim outlook, too, from the international monetary fund. the agency s chief economist looks at this issue all around the world. and here is what he said. the worst is yet to come. for many people, again this is all around the world, 2023 will feel like a recession. while we re in one, the rest of the world will feel it, too. however, here is president biden. president biden: i don t think there will be a recession. if it is, it will be a very slight recession. it is possible. look, it s possible. i don t anticipate it. what i do think, look, we talk about ....
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