A little bit hot.
Headline CPI rises 7% as expected.
However, core CPI accelerated to 5.5% vs. the 5.4% expected.
And the sequential change in core was 0.6% vs. the 0.5% expected.
Stock futures unchanged basically bloomberg.com/news/articles/…
Headline CPI rises 7% as expected.
However, core CPI accelerated to 5.5% vs. the 5.4% expected.
And the sequential change in core was 0.6% vs. the 0.5% expected.
Stock futures unchanged basically bloomberg.com/news/articles/…
Two year yields not doing much, so doesn't look like this report (so far) is expected to change the Fed's trajectory one way or another.
"The index for used cars and trucks continued to rise, advancing 3.5
percent in December after increasing 2.5 percent in each of the prior 2 months." bls.gov/news.release/c…
percent in December after increasing 2.5 percent in each of the prior 2 months." bls.gov/news.release/c…
The huge jump in used cars obviously isn't good on its own, but seems like a good sign overall how much this one category is contributing? Also as Guy notes, some cooling in services
https://twitter.com/lebas_janney/status/1481258310192013315
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