In the latest inflation update, U.S. Consumer Price Index (CPI) figures for July closely match forecasts, providing the Federal Reserve with potential room for maneuvering. The monthly CPI rose by 0.2%, in line with predictions and slightly above June's -0.1%. Year-over-year, the CPI showed a 2.9% increase, just under the previous 3.0% and in line with expectations.
Core CPI, which excludes volatile food and energy prices, also saw a 0.2% rise month-over-month, consistent with estimates and marginally higher than the 0.1% increase recorded in June. Annually, core CPI grew by 3.2%, slightly down from the previous 3.3% and matching forecasts.
These figures suggest a stabilizing inflationary phase and a cooling economic landscape.
Volatile food and energy prices
What is volatile? What industry is not volatile?
Fed target is 2 percent. 2.9 is above the target.
reply
Yep, the stuff consumers spend most of their money on has to be excluded from the "Consumer Price Index" because it's "too volatile".
reply
Lol
reply
-2.3 for used cars and trucks! 👀
What's with the market about them? Are the demands falling or it's just market show?
reply
I would guess from what I see it's falling demand
reply
But then for new veichles is quite stable! Doesn't it present a contradiction?
reply
It doesn't say anything about the volumes. And the market for 2nd hand v. is usually more price elastic
reply
Great job, team! Your politically motivated predictions matched your rigged metric. It's a proud day for the American bureaucracy.
reply
Room for maneuvering? Just want it go down again because they had "room".
reply
stackers have outlawed this. turn on wild west mode in your /settings to see outlawed content.