The CPI Report Does Nothing To Help The Bullish Market Narrative

Longhorn steer in grassy field under blue sky


Today’s CPI continues to suggest the obvious, which is that inflation is cooling. However, it’s not cooling by all that much when considering the services sector. Core services, excluding energy services, rose by 7% y/y in December vs. a gain of 6.8% y/y in November, with shelter being a big