Today's hot core CPI print at 2.8% (est) is worrying because core PCE is running a consistent 50 bps higher, putting it | Hanami
Today's hot core CPI print at 2.8% (est) is worrying because core PCE is running a consistent 50 bps higher, putting it at a much too hot 3.3% (est). Remember, THE FED TARGETS THE PCE, not the CPI. So today's print puts a 50 bps hike firmly on the table...
Retweeted by @zerohedge from @DhavalVJoshi