October’s Consumer Price Index (CPI) — which gauges inflation — came out flat month-over-month against expectations of an increase of 0.1%. While the CPI print rose 3.2% year-over-year, core CPI — which accounts for everything but food and energy prices — rose lower than expected at 4.0% year-over-year and 0.2% month-over-month. After another month of cooling inflation data, how will Federal Reserve officials position themselves ahead of their December FOMC meeting?
Wells Fargo Chief Corporate Economist Tendayi Kapfidze and Citi Global Chief Economist Nathan Sheets join Yahoo Finance Live to comment on the trajectory the Fed could take on interest rates and how the course of disinflation is currently looking.
“The Fed was worried that this could be as high as 0.4% and to get a 0.2% increase on the core [CPI] is a very positive development,” Sheets shares, while Kapfidze believes Fed officials need to continue to “fight the last battle [against inflation] until you’re confident that you’ve won it, but they need to be cautious here…”
For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
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Sure whatever. Keep screwing people over the Fed. A bunch of bla bla bla and nothing talking about restricting government spending since it has nothing to do with normal people. Why normal Americans are always the one suffering and the government are the f-bombs in America. Why not get rid of the whole government and replace everybody. Watch Powell’s last words and we can all say is BS coming from these Feds.
3.2% YOY still shows inflation going up more than 60% of the US population can afford.
Strong consumer spending is from one thing: Credit Card debt and defaults are growing exponentially for all consumer debt: mortgage, credit card and cars. Consumer bankruptcy’s are increasing.
Next month the Fed expects the inflation to be at 20%. But it will actually be 5%, so fed goes and celebrates, people are fools
Deep voice
cpi report is deep FAKE
All inflation in the US from 2019 -2023 has been artificial inflation, caused by corporations to further line their greedy pockets. Imagine how cowardly Americans are to not stop this corruption with their 2nd amendment.
“print” as in, they just made it up and printed the report. Because that’s exactly what they did. Inflation is thru the roof. The government is lying. This is CCP level propaganda
He’s wrong there going bring up anything in regard to an increase in rates in 60 days the economy is going to Really plummet.