Friday, August 14, 2009

CPI Down Most Since 1950

I was right and wrong. Right in cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 fact that year over year CPI was lower than expected (down 2.1%), but wrong in cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 month over month change (flat as expected, but down on a non-seasonally adjusted basis). But, long bonds are rallying thus far (we'll see what happens post Industrial Production data) so I am happy. WSJ Reports:

U.S. consumer prices fell last month at cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365ir fastest annual pace since 1950, an indication that inflation isn't a threat to cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 economy or cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 Federal Reserve. The consumer price index was unchanged on a monthly basis in July from June, cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 Labor Department said Friday, matching economist expectations, according to a Dow Jones Newswires survey.

The core CPI, which excludes food and energy prices, rose 0.1%, which was also in line with expectations. Unrounded, cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 CPI posted no change last month. The core CPI advanced 0.091% unrounded.

Consumer prices plunged 2.1% compared to one year ago, cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 largest 12-month decline since January 1950. Most Fed officials think a positive inflation rate around 2% is consistent with cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365ir dual mandate of price stability and maximum employment.


Source: BLS

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