CPI Reaction Watch: Cementing a hike in November/December?
A small upside surprise in today’s CPI report led by energy and shelter, while broad commodities, transportation and food prices continue to disinflate. A nothing burger or something to worry about? Read our take here.
September’s CPI numbers just dropped with a small surprise in the headline, coming in at 0.4% vs 0.3% expected (3.7% YoY vs 3.6% expected), while core is in line with analysts’ median forecast. Headline rates stay on their disinflationary paths, and YoY rates are not accelerating due to base effects.
Numbers just in:
A small upside surprise in today’s CPI report led by energy and shelter, while broad commodities, transportation and food prices continue to disinflate. A nothing burger or something to worry about? Read our take here.
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