Mmastodon WorldPolitics first seen 4 d ago, last 3 d ago, peak #6
US Inflation Picks Up as CPI Rises to 3.7%
Original: Is it Hot in here? CPI is the culprit 3.4% to 3/7% CPI came in hot, as expected, rising 0.6% for the month. Annual infla
The latest US Consumer Price Index reading came in hotter than expected, with prices rising 0.6% for the month and annual inflation climbing from 3.4% to 3.7%, a tenth of a point above forecasts. Bond markets sold off sharply on the news, though some analysts point to signs the inflation ceiling may be near. Observers are weighing what the stronger reading means for interest rates.
Why now: A hotter-than-expected US inflation reading is moving markets and fueling debate over future interest rate policy.
US Consumer Price IndexFederal Reservebond market
Rank over time, top of the chart is #1. 3 snapshots from 4 d ago to 3 d ago.
Evidence
- Is it Hot in here? CPI is the culprit 3.4% to 3/7% CPI came in hot, as expected, rising 0.6% for the month. Annual inflation climbed from 3.4% to 3.7%, one-tenth higher than forecast. Bonds initially sold off sharply, but a contrarian indicator suggests the ceiling we talked… · mortgagenews.blog@mortgagenews.blog · 2
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