Can’t resist the temptation to repeat my suspicions that zero interest rate policy is deflationary from the supply and the demand side.


Karim writes:

Great number for low for long camp; gives Fed ample cover to stay on hold.
Y/Y Core now at 34yr low of 0.9%; but likely to bottom around these levels as base comparisons begin to get a bit tougher.

Headline CPI -.07% m/m; Core +.05%
Trend variables stay on trend; volatile components offsetting

  • OER unch; medical 0.2%; education 0.2%
  • Apparel -0.7%; Lodging away from home +1.4%

Latest Comments

Leave a Reply

Your email address will not be published. Required fields are marked *