US inflation just made the Fed’s job harder.
CPI held at 3.4%, right on expectations, but monthly inflation jumped 0.3% vs 0.2% expected. Core CPI eased to its lowest level since March.
Markets now face a tricky mix: sticky headline inflation, but cooling core prices.
The Fed has a tough call ahead.
CPI held at 3.4%, right on expectations, but monthly inflation jumped 0.3% vs 0.2% expected. Core CPI eased to its lowest level since March.
Markets now face a tricky mix: sticky headline inflation, but cooling core prices.
The Fed has a tough call ahead.
