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re: US CPI comes in "hotter than expected"
Posted on 5/15/24 at 8:57 am to Civildawg
Posted on 5/15/24 at 8:57 am to Civildawg
Good question.
The goal of the Fed is always to keep it around 2% YoY, but less is always welcomed. This means MoM will usually bounce a tenth or three MoM, but it generally had been consistently lower changes each month prior to COVID.
LINK
Here's the YoY for a little wider picture:
The goal of the Fed is always to keep it around 2% YoY, but less is always welcomed. This means MoM will usually bounce a tenth or three MoM, but it generally had been consistently lower changes each month prior to COVID.
LINK
Here's the YoY for a little wider picture:
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