core inflation
Several items describe core inflation as softer than headline inflation. U.S. core PCE was reported at 3.0% year-on-year, below expectations, while monthly core inflation was also slightly softer 5; Goldman Sachs consequently moved its expected next Fed hike to December and saw a meaningful possibility of no further hikes 4. However, Gareth Soloway argued that U.S. core inflation remains above 3% and could stay between 3% and 4% if higher diesel costs are eventually passed through, while Mark Skousen rejected core inflation as an adequate measure because it excludes essentials such as food 12.
From the window to Oct 7, 05:30 ET — this window's take is still to be written.
Where the voices land
All voices 1 voice1 rising
Sharply rising
- RBRobin BrooksSharply rising Expects core inflation to be driven higher, with today's reading removing the excuse for a pause. “Last month it was wireless services that spiked core inflation and were a reasonable excuse for the Fed to pause later this month. But today's reading puts an October hike back on the table.” Open the post Not a good CPI number. Last month it was wireles… · 14 Oct
1 rising
Mentions
7 this weekStories it travels in
i
The stories
- ○ a voice, on the left
- ◌ a voice raising half of these
- ● a subject, on the right, under its story
- ⌒ a line is a voice raising a subject — thicker, more items; colour is the story
The stories this entity travels in: on the right, each story with the subjects seen alongside it; on the left, the voices that raised them, and a line for every subject a voice raised, bundled by story. Tap a voice to light everything it raises, a subject for who raised it, a story for its own lines. The crumb goes back.
Who brings it up
- Daniel Lacalle 2 mentions
- David Lin 2 mentions
- Walter Bloomberg 1 mention
- Robin Brooks 1 mention
- Peter Berezin 1 mention
- Mike McGlone 1 mention
- Mohamed El-Erian 1 mention
See what your own voices say about core inflation, every morning.
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