Tag: CPI

Today’s CPI: What’s To Be Bullish About?

Today’s CPI: What’s To Be Bullish About?

There is not a lot to be bullish about with today's CPI figures. Energy climbed as we wrote it would yesterday. A 5.6% month-to-month increase in Energy prices fueled a 0.6% month-to-month increase in Headline CPI and a 3.7% increase in year-over-year Headline CPI (we estimated 3.6%). Core CPI came in at 0.3% month-to-month and … Continue reading Today’s CPI: What’s To Be Bullish About?

Tomorrow’s CPI Print. It Will Be There If Powell Wants It.

Tomorrow’s CPI Print. It Will Be There If Powell Wants It.

The U.S. Bureau of Labor Statistics will publish August CPI figures tomorrow morning at 8:30am ET. Our view is that we will get a flattish month-to-month Headline CPI figure and something in the 3.6% range for the year-over-year Headline CPI figure. Energy ought to have ticked up month-to-month as oil prices lifted from July to … Continue reading Tomorrow’s CPI Print. It Will Be There If Powell Wants It.

The Consumer Wage Squeeze

The Consumer Wage Squeeze

Consumer wages have been squeezed by higher prices for goods and services for over two years. That price inflation was the result of the fiscal spending under the Trump and Biden Administrations combined with the Fed's subsidization of that spending as well as the Fed's foolish Quantitative Easing ("QE"), program. I don't see how the … Continue reading The Consumer Wage Squeeze

Focus On Core CPI

Focus On Core CPI

Investors should focus on the month-to-month change in Core CPI tomorrow. The month-to-month change in Core CPI for each of the months of March, April and May 2023 was 0.4. June's year-over-year Headline CPI figure will come down significantly when the figure is printed tomorrow at 8:30 am. The reason for the year-over-year deceleration is … Continue reading Focus On Core CPI