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Inflation Guy’s US CPI Summary
The CPI for April came in pretty close to expectations. CPI came in at 0.31% m/m, and 0.29% on core, versus a priori expectations for 0.37% and 0.30%. This relative accuracy does not necessarily mean that economists now know exactly what is going on in this index, only that all of the misses canceled out. But the misses are interesting, and worth looking at, and we will do that here. Ultimately, reports like this mostly create an opportunity for framing the debate on whichever side you are on. But to my mind, this report does not meaningfully move the ball towards ‘price stability’ and leaves the Fed – if ... (full story)
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From cmegroup.com|May 15, 2024Copper prices have charted their own course over the past two years, decoupling from base metals such as steel, battery metals lithium and cobalt, and ferrous metal aluminium. ...
From @DBNewswire|May 15, 2024post: Fed’s Kashkari: Fed is Focused on Underlying Demand in the Economy to Get Inflation Down Kashkari: Americans Have Been Spending More Than I Would Have Expected post: <=USD>:
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From zerohedge.com|May 15, 2024With the CPI report came in on top of expectations on 3 of the 4 closely watched metrics, with just headline CPI coming in at 0.3%, just shy of the 0.4% expected (with the retail ...
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- Posted: May 15, 2024 1:45pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 3,908
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