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IWM - Seasonal CPI Adjustment Confirms Inflation Is Sticky - The Fed's Worst Nightmare
iShares Russell 2000
2024-02-09 15:30:48 ET
Summary
The Bureau of Labor adjusted its monthly CPI data for seasonal factors, providing insights into inflation behavior and potentially affecting monetary policy.
Seasonally adjusted core CPI data suggests a slower disinflationary process than expected, with the core CPI stalling at above 3%.
Thus, the Fed might not be able to normalize interest rates, as previously signaled.