U.S. August CPI holds at 3.4% as core inflation hits 3-year…
Core CPI's slide to 2.4% annually marks its lowest reading since March 2021, a signal that underlying price pressures are cooling even as energy costs push the headline figure higher.
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Core CPI's slide to 2.4% annually marks its lowest reading since March 2021, a signal that underlying price pressures are cooling even as energy costs push the headline figure higher.
Growth and inflation data shape rate expectations, making the integration a bridge between government statistics and the macro signals that move risk assets.
Two soft prints in one morning: a labor market cooling faster than economists expected and an inflation gauge undershooting forecasts — the Fed's preferred measure is still 3.3% YoY.
The monthly core print ran more than triple the consensus 0.3% forecast and lifted the annual rate to 5.2% — a fresh test of the disinflation narrative the Fed has been leaning on.