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Surveillance: US Inflation Tops Estimates

Bloomberg Surveillance

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Are You Over Reacting to Inflation?

I think the fed will now have more of reason to go 75 basis points next week, and i think that's what they'll do. I think we'll get about two tenths er % in the september. Reed energy prices a gong to be down month over month in septEMBER. Also, i think we'll see the airline fairs come down a bit more. We' got a big increase in tobacco prices. No reason why we get that two months in a row. So i just think were were over reacting to this. Yes, it wasn't good news on inflation. But he the big trend here is coming down.

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