Pantheon Macroeconomic says CPI data is consistent with 0.23% increase in core PCE

Pantheon Macroeconomic says CPI data is consistent with 0.23% increase in core PCE

• Still above 0.23 x 12 months is 2.76%. Above 2% but is it good enough for the Fed

Pantheon Macroeconomics sees the CPI data consistent with a 0.23% increase in the core PCE to be released later this month. The PPI data will add to that you when it is released tomorrow.

That is not too bad. It is still above the 2% in target. Meanwhile Wall Street Journal's tomorrow's is saying that the:

• "September rate cut could of been derailed by CPI print today, and the July CPI wasn't a "no inflation" reading, but it wasn't hot enough to stop a September cut."