Dec. 19 at 7:52 AM
Inflation numbers are very likely about to face a large revision upwards, over 3.4% is consensus estimate.
Technically, the inflation report was incomplete; the Consumer Price Index from November showed prices climbed just 2.7% from last year, the Fed said, way lower than estimates for 3.1%.
Normally such a drastic cut in the rate prices are changing would freak markets out, WSJ reported, but the data is from during the shutdown, and no one is taking it 100% seriously. Labor Department workers warned collection issues may have pushed the numbers lower, and hey, even if the data is made up, less inflation is good, right?"
Ask yourself, “Did prices suddenly fall?”
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