RTX - Fed's Worst Nightmare - January CPI Report Is A Major Blow To The Disinflationary Process
2024-02-13 12:30:45 ET
Summary
- January core CPI inflation exceeded expectations and is well above the Fed's target of 2%.
- Monthly core CPI numbers have been rising since June 2023, indicating a possible inflationary spike.
- Disinflationary process may continue until June 2024, after which inflation could start rising again.
The Hot January CPI Report
The US Bureau of Labor Statistics released the CPI inflation report for January 2024 - and the actual inflation numbers were higher than the consensus estimates. More importantly, the monthly inflation accelerated from the previous month....
Fed's Worst Nightmare - January CPI Report Is A Major Blow To The Disinflationary Process