Headline consumer prices rose just 0.17 percent for the month, pulling year-over-year inflation down to 2.4 percent. Core inflation came in contained at 0.30 percent for January and 2.5 percent over the past year. For business leaders and investors focused on trajectory rather than noise, the direction is unmistakable: price pressures continue to ease while growth remains intact.
That supply side mix changes the policy calculus—and once again reminds the Fed it is waiting too long to further cut rates.
Read Full Article »
