CPI print: Inflation ‘proving to be stubborn,’ strategist says
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“September’s Consumer Price Index (CPI) print saw core inflation rise 0.3% month-over-month and 4.1% year-over-year — in line with what was expected. Expert opinions seem to be mixed on what this means for the economy, some saying it shows healthy signs for the economy while others were expecting better numbers. KPMG Senior Economist Yelena Maleyev and Jeffrey Kleintop, Charles Schwab Chief Global Investment Strategist, join Yahoo Finance Live to share their feelings on the Core CPI and how it relates to inflation and the economy moving forward. “”The market was braced for a hotter report after a hotter PPI yesterday and hot jobs report on Friday,”” Kleintop says. “”So initial […]