ICYMI: The latest indication of US inflation pressure rose at its fastest since April 2023

<p>On Thursday we had the data for the US January S&amp;P Global final manufacturing PMI, in at 50.7 vs 50.3 prelim.</p><p>Adam had that posted earlier.</p><p>Something that caught my eye, stick in the mud that I am, was that the inflation indicator in this report is showing significant upward pressure. From the commentary to the report:</p><ul><li>signs of factory costs rising on the back of supply delays, with costlier deliveries often linked to adverse weather and recent disruptions to global shipping</li><li>These higher costs are feeding through to increased prices charged for goods by factories, which rose in January at the fastest pace since last April</li><li>Some renewed upward pressure on consumer prices could therefore appear in the months ahead if these supply-linked inflationary trends persist</li></ul><p>(bolding is mine)</p><p>Also ICYMI:</p><ul><li><a href="https://www.forexlive.com/centralbank/fed-chair-powell-will-be-interviewed-on-60-minutes-this-sunday-20240201/" target="_blank" rel="follow" data-article-link="true">Fed Chair Powell will be interviewed on 60 Minutes this Sunday</a></li></ul>

This article was written by Eamonn Sheridan at www.forexlive.com.