VTI - Inflation Is Much Tamer Than Headline Data
2024-03-20 18:08:29 ET
Summary
- Recent speculation of a more hawkish Fed is based on headline data, but deeper data suggests a cut in June.
- Headline CPI data showed inflation higher than expected, causing concerns about the Fed delaying rate cuts.
- However, when looking at the breakdown of inflation, true inflation is significantly lower and supports a cut in June.
I posit that the recent speculation of a more hawkish Fed is based on headline data and that the deeper data still suggests a cut in June.
The headline CPI data
On March 12 th , the Bureau of Labor Statistics released the Consumer Price Index (CPI) report ....
Inflation Is Much Tamer Than Headline Data