Fahrenheit 451! Sticky Core Inflation Still At 4% YoY (Fed Can’t Douse The Fire Caused By Too Much Government Spending)

by confoundedinterest17 We didn’t start the fire … The Fed and Biden/Harris did. And it is still burning. October STICKY core inflation is still up 4% YoY (year-over-year) Core CPI rose 0.3% MoM (as expected) which pushed it up 3.3% YoY (not even close to the 2% mandate)… Source: Bloomberg There has not been a single …

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Core CPI inflation is now at 3.3% and rising for the first time in 18 months. CPI shows 2.4% total due to energy drop, but services remain sticky at 4.7%.

“While September CPI inflation is at 2.4%, inflation is much higher in many basic necessities: 1. Car Insurance Inflation: 16.3% 2. Transportation Inflation: 8.5% 3. Homeowner Inflation: 4.9% 4. Car Repair Inflation: 4.9% 5. Rent Inflation: 4.8% 6. Hospital Services Inflation: 4.5% 7. Food Away From Home Inflation: 3.9% 8. Electricity Inflation: 3.7% Core CPI …

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Service Sector Growth Weakens in July, Sticky Inflation Persists

via mishtalk: The US Manufacturing PMI improved a bit but remains in contraction as service sector growth weakens. S&P reports US expansion loses momentum as service sector growth slows in July. S&P US Composite PMI™ Key Points Flash US PMI Composite Output Index at 52.0 (June: 53.2). 5-month low. Flash US Services Business Activity Index at …

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CPI cools a bit but Fed still faces persistent sticky inflation at 1982 levels.

CPI 0.2% M/M, Exp. 0.3%CPI Core 0.2% M/M, Exp. 0.3% CPI 3.0% Y/Y, Exp. 3.1%, CPI Core 4.8% Y/Y, Exp. 5.0% — zerohedge (@zerohedge) July 12, 2023 The Fed’s inflation job is not done yet Despite headline inflation trending lower, sticky inflation is still at levels last seen in 1982 pic.twitter.com/Hk51pNGs2B — Bravos Research (@bravosresearch) …

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