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re: US CPI comes in "hotter than expected"

Posted on 5/15/24 at 8:57 am to
Posted by Bard
Definitely NOT an admin
Member since Oct 2008
51855 posts
Posted on 5/15/24 at 8:57 am to
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:

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