With Inflation Tanking And Economy Weakening The Fed Delivers An “Insurance” Hike
By Core CPI (%m/m)Revinitiv, Capital EconomicsIf you look closely at the far-right side of the chart and squint, you can see that Core Goods (ex-used car prices) and Core Services (ex-shelter) were both negative (slightly) in June. In addition, Jay Powell’s “go to” CPI sub-index, Services (ex-energy and shelter), showed up as a big fat…