Below is our "Chart of the Day" and a brief excerpt from today's Early Look written by our Director of Research Daryl Jones.
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In the Chart of the Day, we take a detailed look at CPI and highlight the two main drivers. On the disinflation front, energy contributed -0.29% and core goods -0.39%, making them the primary negative contributors. On the inflation side, shelter continues to be a thorn in the Fed’s side, contributing nearly 70% of the year-over-year increase in CPI! |
If you're tired of MSM/CNBC narratives and BS financial research, we encourage you to take a closer look at the Early Look. You can thank us later.