US CPI inflation data 12 June 2018

  • Prior 2.5%
  • 0.2% vs 0.2% exp/prior m/m
  • Core CPI 2.2% vs 2.2% exp y/y NSA. Prior 2.1%
  • 0.2% vs 0.2% exp m/m. Prior 0.1%
  • Real average weekly earnings 0.1% vs -0.1% exp y/y. Prior 0.4%
  • Real average hourly earnings 0.0% vs 0.2% prior y/y

Bit soft on hourly earnings but otherwise inflation is holding up.

The buck hasn’t taken any solace from the data and is looking a touch softer. I’m getting the feeling that the market want’s more than what’s expected from inflation just so it can continue believing in the Fed.

Ryan Littlestone

Pin It on Pinterest