July's Consumer Price Index is in, and markets are cheering. Headline CPI rose 0.1% for the month and 3.5% year-over-year, while core CPI came in at 0.2% monthly and 2.5% annually. Both numbers landed right where economists expected, and both ticked slightly lower than June. But as Megan explains, "as expected" isn't the same as "good news."
In this episode, Megan covers:
- Why July's in-line CPI report still isn't something to fully celebrate - How service sector inflation reversed course and ticked back up to 0.2% - Which categories, like airline fares and apparel, are still pushing prices higher - Why core CPI has now stayed above the Fed's target for 63 straight months - What sticky inflation could mean for the Fed's September and December decisions - Why tomorrow's PPI report and the upcoming PCE reading matter for the bigger picture
If you're trying to make sense of what today's inflation numbers really mean for your money, this one's worth five minutes. Subscribe so you don't miss next week's breakdown.
For a history of all Markets with Megan episodes, visit: https://marketswithmegan.FM
Disclaimer: material was prepared by Verdence Capital Advisors, LLC (“VCA”). VCA believes the information and data in this document were obtained from sources considered reliable and correct and cannot guarantee either their accuracy or completeness. VCA has not independently verified third-party sourced information and data. Any projections, outlooks or assumptions should not be construed to be indicative of the actual events which will occur. These projections, market outlooks or estimates are subject to change without notice. This material is being provided for informational purposes only and is not intended to provide, and should not be relied upon for, investment, accounting, legal, or tax advice. Past performance is not a guarantee of future results. Different types of investments involve varying degrees of risk, and there can be no assurance that the future performance of any specific investment, investment strategy, or product or anynon-investment related content, made reference to directly or indirectly in these materials will be profitable, equal any corresponding indicated historical performance level(s), be suitable for your portfolio or individual situation, or prove successful. You should not assume that any discussion or information contained in this report serves as the receipt of, or as a substitute for, personalized investment advice from VCA. Due to various factors, including changing market conditions and/or applicable laws, the c...
Podden och tillhörande omslagsbild på den här sidan tillhör
Megan Horneman. Innehållet i podden är skapat av Megan Horneman och inte av,
eller tillsammans med, Poddtoppen.
