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September Inflation Record Means More Pain Ahead
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Core inflation just hit another 40-year high at 6.6%, which was above the estimate of 6.5%. While core CPI does not represent at all, what Americans experience every month for their budget, it is the Federal Reserve's preferred method of measuring inflation, which means a higher likelihood of the Fed not pivoting.
Now, considering this comes on the heels of the producer price index also exceeding forecast and the overall CPI still being above 8%, with many categories experiencing year over year inflation of over 30%.
This is a big indication of more pain ahead.
Timecodes
0:00 Video Overview
0:39 Intro
0:47 Inflation Breakdown
2:02 Price Decreases Holding Down Price CPI
5:10 Freightos Data
7:117 Outro
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#InflationRecord #September
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