The jinx was right again: both monthly CPI figures came in above expectations.
#CPI数据
The annual figure wasn’t released, probably because the government shutdown last November meant there were no reliable CPI statistics.
Today’s panic was mainly driven by comments from Waller, an academic-minded Fed governor. He said, “We need to reverse at least the three precautionary cuts made earlier.” Waller was also a leading contender for the new Fed chair.
Actually, Brother Bee doesn’t think there’s any need to panic too much.
There was one rate hike in September, and a December hike is all but certain. That leaves just one more hike in Q1 next year—three in total.
Brother Bee has analyzed Q2 next year countless times: oil prices started rising in March this year, so when we get to Q2 next year and the numbers are compared year over year, annual CPI will come down.
That’s why Brother Bee previously thought things would gradually improve in Q1 or Q2. Now it looks more likely to be Q2.
#CPI数据
The annual figure wasn’t released, probably because the government shutdown last November meant there were no reliable CPI statistics.
Today’s panic was mainly driven by comments from Waller, an academic-minded Fed governor. He said, “We need to reverse at least the three precautionary cuts made earlier.” Waller was also a leading contender for the new Fed chair.
Actually, Brother Bee doesn’t think there’s any need to panic too much.
There was one rate hike in September, and a December hike is all but certain. That leaves just one more hike in Q1 next year—three in total.
Brother Bee has analyzed Q2 next year countless times: oil prices started rising in March this year, so when we get to Q2 next year and the numbers are compared year over year, annual CPI will come down.
That’s why Brother Bee previously thought things would gradually improve in Q1 or Q2. Now it looks more likely to be Q2.
