Fed, Markets Get Good News In Relatively Benign CPI Release
Headline inflation in the US rose less than expected in March, while core price growth remained elevated, data released Wednesday showed. The all-items gauge increased 0.1% last month, the smallest gain since December, but the 0.4% MoM increase on the core index suggested underlying price pressures persist. Do note: The unrounded headline print was 0.053%. In other words: Very nearly unchanged. The range of estimates was 0.1% to 0.4%. The unrounded core print was 0.385%, still double (and then
One thought on “Fed, Markets Get Good News In Relatively Benign CPI Release”
Barring another bank accident or some other event they will go 1/4%. They shouldn’t and they should end qt, but they will not. A nuanced adjustment would be to go 1/4% but end qt. They won’t do that either as they don’t want to signal anything. But they should. The soft landing ship has sailed. Watch out!