Today’s CPI report showed a year-over-year increase of 6.4% for the all-items index, before seasonal adjustment. This comes in slightly higher than market expectations, but it is still a decline from last month (6.5% in December) and continues the trend downward since the peak in June. However, the shelter subcomponent...
Inflation Update: CPI Report Higher than Expected
Higher than expected inflation data reported for August surprised the market, showing that lower energy prices have not been enough to offset the impact of higher core prices. A 75-basis point rate increase appears to be fully priced into the market ahead of the September 21st Federal Reserve meeting. The...