Apr

17

Core CPI unrounded was +0.061: not even a full tenth of a percent. I didn't see anything weird in the data.

The print came in below the range forecast by the economics derivatives auction. The housing prints, though stronger and expected, were not strong in any real world sense. A quick eyeballing of the unadjusted single-family data shows these levels to be the weakest for March in a decade.

So, the econ bears will breath easier until the next data.

James Tar adds:

Wow, what a great CPI number. To me, it conjures all sorts of fantastic emotions about letting free markets be exactly that, free.

Markets eventually know better when they have gone too far. And by letting them do the work for us, they make necessary adjustments so that normalcy and the rising tides of capitalism can restore order and growth for the long-term benefit of humanity.


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