The Inflation Guy addresses this month's CPI report, which showed an above-expectations Core CPI number (by a little). However, the internals of the report were not too bad, and according to the Inflation Guy today's data turns out to be a really good one supporting the timing of the Federal Reserve Board's pivot from active-tightening to steady-policy. The months ahead, though, still are unlikely to deliver what the market is pricing in, setting up a denouement for later in the year. For today, however, sing a new song unto the 'Board!
Cents and Sensibility: the Inflation Guy Podcast