Join institutional investors, analysts and strategists from the world's largest banks: Subscribe today
Already have an account? log in
Core Inflation Stuck As Fed Leaves Job Unfinished
Underlying inflation in the US ran warm again in October, this week's marquee macro release showed.
As expected, the core CPI gauge rose 0.3% last month from September, the third straight such gain, underscoring the difficulty of the so-called "last mile" in the Fed's fight to wrestle inflation back down to 2%.
Unrounded, October's core print was 0.28027%. Estimates ranged from 0.1% to 0.4%. As BMO's Ian Lyngen and Vail Hartman helpfully pointed out, "it's been six months since an economist fo
