Sticky US Inflation Is Causing Fatigue

From youtube.com/schwabnetwork

The next mile of getting inflation down to near 2% is going to be the hardest, notes Sarah Foster. She discusses the takeaways from today’s CPI print. She talks about how the Fed will react to the latest inflation data, as well as when they could start cutting. She goes over how sticky inflation is causing fatigue, it is impacting essentials, consumers are paying more for rent, and they’re still spending more on food costs. She also highlights how the used car prices number edged up a little higher when it was expected that they would be lower.