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What exactly is Services CPI ex Rent and Shelter doing?
SF Fed President Daly said that she is watching the services CPI ex housing for signs of inflation coming lower.
As a result, I looked at the the St. Louis Fed statistics website (FRED) and downloaded the data for the CPI YoY and the CPI Services ex Rent and Shelter to see exactly what each has done.
The headline CPI has moved down from a high in June 2022 at 9.1%. It moved to 7.1% last month.
For the Service CPI ex rent and shelter (which I assume is the housing she speaks... Read More
Posted: Jan 10 2023, 21:00
Author Name: forexlive
Views: 111657