January 2018 US CPI and real average earnings report 14 February 2018

  • Prior 2.1%
  • Core 1.8% vs 1.7% exp. Prior 1.8%
  • Real average weekly earnings -0.8% vs -0.3% exp m/m. Prior 0.2%
  • 0.4% vs 0.7% prior y/y
  • Real average hourly earnings 0.8% vs 0.4% prior y/y

The CPI beat will get the headlines but it’s more a confirmation that it’s not dropping. That’s soothed a market that was waiting for a drop. The wages number looks bad though, with the exception of the hourly number. I think there’s a big over-reaction in the buck here.

Ryan Littlestone

Psychedelic chartist extraordinaire. Have your shades ready.
Philosophy: “Don’t be a Dick for a tick”

Read how Ryan got into trading here
Ryan Littlestone

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