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Core CPI Jumps; Trends in Sticky vs. Non-Sticky CPI; Econoday Fantasyland Thoughts on March Rate Hike
Be prepared for the next great transfer of wealth. Buy physical silver and storable food.
mishtalk.com / by mishgea / February 19, 2016
The CPI rose 0% today with core-CPI up 0.3%. Core CPI is a silly construct that excludes food and energy, supposedly because food and energy are volatile.
With core-CPI up, Bloomberg Econoday fantasizes the Fed might hike in March.
CPI Month-Over-Month and Year-Over-Year
Fantasyland Econoday Thoughts on March Rate Hike
Consumer prices are on the rise and the Fed’s December rate hike doesn’t look misplaced at all. Core prices jumped 0.3 percent in January which beats Econoday’s top-end estimate with the year-on-year rate up 1 tenth to plus 2.2 percent. The Bureau of Labor Statistics notes a “lack of declines” across core readings. When including energy, however, and also food, total prices were unchanged in the month though the year-on-year rate literally surged, up 7 tenths to plus 1.4 percent.
The post Core CPI Jumps; Trends in Sticky vs. Non-Sticky CPI; Econoday Fantasyland Thoughts on March Rate Hike appeared first on Silver For The People.
Thanks to BrotherJohnF
Source: http://silveristhenew.com/2016/02/19/core-cpi-jumps-trends-in-sticky-vs-non-sticky-cpi-econoday-fantasyland-thoughts-on-march-rate-hike/
