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Sticky Inflation Concerns Arise From New CPI Report | Episode 090 | 01-11-2024
In this episode, we're discussing the much-anticipated Consumer Price Index inflation report released this morning. Unfortunately, the report came in hotter than expected on the headline and core inflation levels. On a year-over-year basis, core CPI rose 3.9% versus the expected 3.8%, while headline CPI came in at 3.4% versus the forecasted 3.2%. This is unwelcome news for the Federal Reserve. We dig into the report's details showing sticky inflation in areas like housing, shelter, services, airline fares, and used cars - categories the Fed will pay close attention to. Given this…
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