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Bloomberg Television

US CPI comes in hot for August πŸ₯°

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I think it’s it’s more noise than news in the fact that the core number was slightly higher than expected I think at the end of the day it was a disappointing reading uh we were expecting um slightly Lower Print last month we’ve had 02 cores now for several months so jumping back up to3 is certainly disappointing I think the inflation today at the margin is tilting investors towards 25 basis points in September the FED should be moving people’s expectations back from these large rate cut discuss question s into a much more gradual steady Approach at getting back to neutral and really begin the debate over what is neutral overall it looks very well controlled to me it looks like we’re not seeing deflation we’re just seeing a gradual disinflation the inflation is gradually coming out of the system

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