US Consumer Price Index Report

We didn’t see much volatility after the CPI report this morning.  The Core CPI figure of .2% was the consensus estimate and the CPI figure was -.5%, .1% above the consensus estimate.  I interpret this report as meaning that inflation is generally under control with the -.5% CPI decrease attributed to the lower gas prices in November. 

But the gas prices have begun their crawl back up this month so I can see an increase in CPI for December with Core CPI stable during the January announcement.  I don’t foresee these figures having any bearing on future Fed rate decisions.

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