Good News is Good News is Bad News A lower-than-expected CPI report for July (8.5% vs 8.7% expected) had markets rallying in expectation of interest rates quickly coming back. But stronger markets make the Fed’s job more difficult, potentially leading to more rate increases than expected. It is unlikely that would be received well by […]
Don’t Worry, Core Inflation dropped. It’s only Food and Energy costs that are getting worse. Bad News: Headline Inflation up 8.5% year over year Good News: Core inflation (ex food and energy) is up ‘only’ 6.5% From here forward, the year-to-year inflation comparisons start to get easier Our seemingly insatiable demand for ‘stuff’ is finally […]