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No. Nobody Cares About January’s ‘Hot’ Inflation Prints
"CPI prints high but does anyone care?", wondered Bloomberg's Cameron Crise who, unless I'm just getting the wrong impression, is not a fan of mine.
For what it's worth, the answer is no. Nobody cares that CPI printed 2.5% on the headline, the highest since October of 2018.
Core for January was 2.3%, hotter than the expected 2.2%, and nobody cares about that either.
There are several reasons nobody is particularly interested in this right now.
First, the virus scare means any upward pressu
Don’t care at your peril.
No one cares until they care………..
Imagine if in 3-6 months we are talking about high 2s prints. NO ONE thinks that is possible. If everyone is of one mindset watch out.