July 2018 US CPI inflation data 10 August 2018

  • Prior 2.9%
  • 0.2% vs 0.2% exp m.m SA, Prior 0.1%
  • Core 2.4% vs 2.3% exp y/y NSA. Prior 2.3%
  • 0.2% vs 0.2% exp m/m SA. Prior 0.2%
  • Real weekly earnings -0.2% vs 0.1% exp m/m. PRior 0.1%. Revised to 0.3%

A miss on the headline but the core makes up for it.  Soft earnings. Overall there’s nothing game changing for the Fed here and the core up further cements the hike path.

Ryan Littlestone

Ryan Littlestone

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

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Ryan Littlestone

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