WHOLESALE PRICES BUBBLED HIGHER IN SEPTEMBER , KEEPING A RATE HIKE ON THE TABLE

What happened: Wholesale prices rose in September to their highest level in nearly four years, driven largely by higher energy prices, stoking concerns that inflation could broaden. Key numbers: PPI for final demand rose 6.3%, versus 5.4% expected. Core PPI rose 0.7% month over month versus 0.3% expected, and 5.0% year over year, up from 4.7%. Gasoline jumped 20.3%. Why it matters: Chris Zaccarelli of Northlight Asset Management said the Fed will have no choice but to raise rates again this year, expecting a 25 bps increase in December rather than later this month.

Wholesale prices rose in September to their highest level in nearly four years, driven largely by higher energy prices, stoking concerns that inflation could broaden.

Chris Zaccarelli of Northlight Asset Management said the Fed will have no choice but to raise rates again this year, expecting a 25 bps increase in December rather than later this month.