CPI comes in below expectations across the board

0/73

The Umich economists who run their inflation survey need to offer a public apology and announce they are going to look into why their data was showing 6.6% annual inflation

It’s obvious at this point that that isn’t happening.

We may see inflation tick back up to 3%, but 6.6%?

My goodness

Cut the rates and stop playing politics Jerome

At least shelter dipped below 4%

Still way off

Slightly off topic, but Weisenthal's podcast with Tracey Galloway, Odd Lots, is a pretty good listen.

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A 0.1% monthly increase is the target the fed wants to see when deciding to lower rates. It translates into a yearly inflation rate right in line with the target.

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You’re right; I didn’t read closely enough. I saw MoM and thought they meant rate increase in May of this year versus last year, which would indicate a worsening of inflation. Was my mistake

You are good


I still think too early to lower rates


Consumers are buying things from inventories purchased before tariffs went into effect

In the later months of this year, the goods on the market will be from inventories purchased during tariff mania.

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In the later months of this year, the goods on the market will be from inventories purchased during tariff mania.

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Even then it will still be too early to determine the impact of tariffs. I think most companies are trying to absorb them by cutting costs everywhere else, which is what most of my customers are doing. I think the strategy is a wait and see if these tariffs are a negotiating strategy, if they can get exemptions, or determine if they are a permanent fixture. Once companies determine that it is a permanent fixture they will have no choice but to raise their prices.