CPI +0.3% in September

This morning, the government said that inflation rose 0.3% last month. A lot of that was due to a rise in energy prices. If we look at the “core rate,” which excludes food and energy prices, then inflation rose by just 0.1%. This report is probably more ammo for the monetary hawks to raise rates in December.

Here’s the 12-month change in core CPI.

One correction: In the last CWS Market Review, I said that Signature Bank (SBNY) will report earnings today. That’s not right. They’ll be reporting on Thursday.

Posted by on October 18th, 2016 at 8:49 am


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