Discover and read the best of Twitter Threads about #CPIDay
Most recents (1)
It is #CPIDay and all (CP)eyes in the markets and at the Fed are on US inflation data due in 5 minutes. The focus will be on M/M core goods and core services.
May M/M Headline #CPI up whopping 1.0%
M/M Core up 0.6%
Lets dive in to see what caused this broad based spike upwards:
M/M Core up 0.6%
Lets dive in to see what caused this broad based spike upwards:
And the answer is that Core Goods jumped up 0.7% M/M, relative to a decline of 0.4% in March and and increase of 0.2% in April. Core Services moved up 0.6%, a bit higher than prior months, on an expected jump in rents and owners equivalent rents (both up 0.6% M/M).>>
