Thursday, February 29, 2024

Core inflation measure for January 2024 is . . . not good

 Year over year we're still at 2.8%, still well above 2.0.

The monthly pop of .4% is high relative to anything in the last year.

The .5 change in the index was . . . pretty dang big.

The drive by media always spins this as "expected" when consensus estimates are confirmed, but that doesn't make them good.