More Proof: Deflation Is The Future
Consumer Prices The Consumer Price Index (CPI) rose +0.4% in April (4.95% Y/Y). Core services (ex-housing), an important sub-index for the Fed, came in a little hot at +0.4% M/M (vs. +0.3% in March). In our view, this alone isn’t likely to cause the Fed to raise the Fed Funds rate yet again when it […]