14 Sept 2022 US Monitor August's Core CPI Mean 75bp is Done, but the Big Picture is Improving

Ian Shepherdson (Chief Economist and Founder)13th Sep 2022 15:27U.S., Daily Monitor

The disappointing core CPI data for August mean the Fed will hike by 75bp, with 50bp likely in November...
..But the underlying forces which will drive down inflation over the next year are unchanged.
Better news is coming, soon, depending on the pass- through from vehicle auction prices to the CPI.

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