A somnolent consumer price report, with headline YoY inflation marginally under 3%, tests whether 2% inflation is a target or a ceiling for the Fed
– by New Deal democrat Consumer prices in June failed to show any inflation at all for the second month in a row, as they declined -0.1% following an unchanged reading in May. On a YoY basis inflation decelerated -0.3% to 3.0% (technically 2.98% if you go out one further decimal point), the lowest YoY […]