Source item
Open original source ↗CPI came in HOT.
✅ 0.6% in ONE month. 3.7% for the year.
✅ Core 0.3% and 2.6%. Both above forecast.
✅ Gas up 9.1% in a month. Over half the jump.
➡️ Half of all categories now running over 3%.
➡️ That's the line Warsh keeps bringing up.
😇 Like even if you win, you're still a loser.
✅ October hike odds: 22% before the print. 49% right after.
✅ About 33% by Wednesday afternoon.
➡️ PPI and retail sales Thursday morning.
➡️ Hot again and October is back on.
😇 The Iran deal just became more important because inflation's just not receding on its own.