U.S. Producer Prices Rise the Most on Record

The video discusses the March Producer Price Index (PPI) data, highlighting a stronger than expected increase, indicating persistent inflation. The discussion covers the implications of this data on the inflationary cycle and the Federal Reserve's potential actions. Market reactions to the PPI data are analyzed, with a focus on historical comparisons. Additionally, trends in mortgage applications and interest rates are explored, noting a shift towards adjustable-rate mortgages as rates rise.

What factors are contributing to the strong pipeline pressures on prices?

What trends are observed in mortgage applications in relation to interest rates?