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.
Seasonal adjustment to CPI
Read the full article on Seeking Alpha
For further details see:
Seasonal CPI Adjustment Confirms Inflation Is Sticky - The Fed's Worst Nightmare