Menu
Sister Sites

  • US Inflation Takes a Baby Step Forward

    From scotiabank.com

    Markets expressed mild relief toward a pair of US inflation and consumer spending prints that change nothing yet for the FOMC. The result had markets gently piling into the US front-end, driving a weaker dollar, and putting a bid to US equities. That’s a sensible market reaction in a positioning sense that has been programmed to be surprised by higher core inflation readings this year which didn’t happen this time, but it’s not going to sway the Fed any time soon. Core CPI landed at 0.29% m/m SA which rounds to 0.3%. That matched just about every estimate within consensus and across nowcasts. At 3.6% m/m SAAR, ... (full story)

If you look at the sawtooth pattern of %SAMM, as a statistical phenomenon, May’s monthly change may well be a rebound.
  • New Comment
  •  Guest
  • | IP X.XXX.15.145
Join CC
  • Story Stats

  • Related Stories