September CPI came in hotter than hoped. Headline up 0.6% month-over-month, matching estimates but accelerating from August's 0.4%. Core also at 0.3%, above the 0.2% consensus.
Not a disaster, but not the steady cooling we'd been seeing. Inflation's last mile is proving stubborn. The Fed's job just got a bit harder—markets will be recalibrating rate cut expectations now.
Reminder: inflation doesn't move in straight lines. Progress is messy. Stay patient.
Not a disaster, but not the steady cooling we'd been seeing. Inflation's last mile is proving stubborn. The Fed's job just got a bit harder—markets will be recalibrating rate cut expectations now.
Reminder: inflation doesn't move in straight lines. Progress is messy. Stay patient.