Today's Consumer Price Index (CPI) release shows once again that inflation is clearly not a threat in the US at this time
Jay Soloff
Argonath Financial
Today's Consumer Price Index (CPI) release shows once again that inflation is clearly not a threat in the US at this time. June CPI climbed 0.3% from the previous month, but two-thirds of the entire increase was due to gasoline. Taking out food and energy, CPI climbed just 0.1% this month. The annual CPI trend held steady at 2.1%, but decelerated to 1.9% minus food and energy. Gasoline is higher because of the summer travel season as well as friction in the Middle East. As such, it doesn't paint an accurate picture of true inflation growth. Essentially, the current level of price increases should allow the Fed to remain content. (VIEW LINK)
Never miss an update
Enjoy this wire? Hit the ‘like’ button to let us know.
Stay up to date with my current content by
following me below and you’ll be notified every time I post a wire
I'm an investments analyst for a US-based independent investment research firm. My focus is on economics, options, and all types of stocks, but especially tech, Internet, and renewable energy companies. I have experience as a options market maker on the floor of the CBOE, as a consultant on Wall Street, and as a senior analyst at a multi-strategy hedge fund. You can visit my website at www.argonathfinancial.com.
3 topics
Jay Soloff
Research Analyst
Argonath Financial
I'm an investments analyst for a US-based independent investment research firm. My focus is on economics, options, and all types of stocks, but especially tech, Internet, and renewable energy companies. I have experience as a options market...
Expertise
No areas of expertise
Jay Soloff
Research Analyst
Argonath Financial
I'm an investments analyst for a US-based independent investment research firm. My focus is on economics, options, and all types of stocks, but especially tech, Internet, and renewable energy companies. I have experience as a options market...
Expertise
No areas of expertise
Comments
Comments
Sign In or Join Free to comment