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Many many thanks for this great video! Your message is well received. The magic number is 3-4 month lagging period before inflation rolls over. This happened in 2010. If we count the high inflation in June or in July, the month of October is exactly 3-4 month lagging timeframe. Now we might ask ourselves: what happened for the past 4 months? The Fed had front loaded four (4) 75 basis point increases for the past 4 months. That is historically a lot for the economy. December read out of CPI for November 2022 will be much better. For tomorrow, Bloomberg estimates the CPI read out to be:ReplyDelete
1. CPI YoY 7.9% compared to 8.2% prior month
2. Core CPI YoY 6.5% compared to 6.6% prior month
3. CPI MoM YoY 0.4% compared to 0.6% prior month (I think this will improve also)
4. Core CPI MoM 0.6% compared to 0.5% prior month
WE WILL SEE TOMORROW! Have a great night!