What the public thinks is “inflation”, CPI, rose more than expected
Here is the table of components of the March CPI report. You can click it to read the whole report from BLS.
I had suspected a bump in Energy and a few other commodities would contribute to a firm number. This is part and parcel with the recent resurgence of the inflation trades. However, said trades are overbought in some cases and the machines may not know whether they are programmed for Fed submission, flipping the Fed the finger, or just garden variety mayhem with seemingly little method to its madness.
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