Global Macro Perspectives
U.S. consumer price index rose 0.3% in July, right at the consensus. June reading was at -0.1%. Consumer price index fell less food & energy came out at 0.1%. The consensus was also at 0.1%, June reading was at 0.2%. Chart 1. U.S. Consumer Price Index
U.S. consumer price index fell 0.1% in June, right at the consensus. May reading was at -0.2%. Consumer price index fell less food & energy came out at 0.2%. The consensus was at 0.2%, May reading was at 0.1%. Again, no inflation in sight. Chart 1. Consumer Price Index
U.S. consumer price index fell 0.2 percent in May, right at the consensus. April reading was at -0.1%. Consumer price index fell less food & energy came out at consensus of 0.1%. Prior reading was no change for April. Again, no inflation in sight. Chart 1. Consumer Price Index
CPI less food & energy came out at consensus of 0.1%. Chart 1. Consumer Price Index Less Food & Energy MoM
I was on the road yesterday, so the usual service suffered… The most important piece of news yesterday was FED’s decision to increase the discount rate by 0.25%, to 0.75%. The measure has a marginal real impact on the banking sector, but it could have large psychological impact. The political and media orchestrated “recovery” pressures […]