Headline inflation of 0.4% was just ahead of expectations. 0.2% core was just ahead.
Markets aren’t going anywhere.
Background: Hyperinflation time in America? Analysts are looking for 0.3% headline CPI growth, and 0.1% in core. Yesterday we got a surprise 0.5% jump in core PPI, which either means CPI has to jump or margins are coming down.
Photo: St. Louis Fed