October CPI Unchanged

October CPI came in unchanged following a 0.4% increase in September. For the year, CPI dropped to 3.2% from 3.7% in September. Core came in at 4.0% YoY and 0.2% MoM. Futures soared on the print. As we have anticipated for the past several months, it was a sharp drop in gas prices which produced … continue reading →

All Eyes on CPI

This is one of the biggest weeks for economic data in quite some time. We get October CPI tomorrow, PPI and retail sales on Wednesday, initial claims on Thursday, and housing starts and permits on Friday.  Of all these data, CPI looms largest for the markets. Recall that September core CPI came in at 4.1% … continue reading →