It’s the middle of August (or almost) and the next FOMC is still 41 days away but that has not deterred investor interest in inflation. Of course that has been a major driver of participant analysis, as well as Chairman Powell’s, and each CPI print is diagnosed for future probability of Fed action. Today’s datapoint was helpful in that it increased 0.2% m/m (inline with estimates) while the y/y increased 3.2% (better than expected while higher sequentially). Markets cheered the improvement and…
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