1 min read

The Most Important Thing Today (8/16/23)

The Most Important Thing Today (8/16/23)

Let's talk about inflation!

On a Monthly Basis, Core Inflation Core Remains Subdued for the Second Month in a Row

 

 
  • In July, both headline and core CPI rose 0.2%, marking the smallest back-to-back gains in core CPI in over two years. While housing costs continue to contribute significantly to overall services inflation as well as overall CPI, used-car prices and airfares decreased.
  • The report increases the likelihood of the Federal Reserve keeping rates unchanged at the next meeting on September 19-20. However, one more inflation report is due before the meeting.
  • Rising oil prices could cause a spike in August's headline CPI, though the Federal Reserve may be likely to overlook this due to decreased inflation expectations.
  • However, policymakers remain divided on rate hikes, with one group believing past rate hikes have been effective, while another group fears stopping too soon could lead to a resurgence in inflation.

Source: Helios Quantitative Research, Bloomberg, Bureau of Labor Statistics

The Most Important Thing Today (9/19/23)

The Most Important Thing Today (9/19/23)

Proactive communication about what’s going on in the market and the economy is key to building stronger client relationships. Each week, the Helios...

Read More
The Most Important Thing Today (11/22/23)

The Most Important Thing Today (11/22/23)

Proactive communication about what’s going on in the market and the economy is key to building stronger client relationships. Each week, the Helios...

Read More
The Most Important Thing Today (10/3/23)

The Most Important Thing Today (10/3/23)

Proactive communication about what’s going on in the market and the economy is key to building stronger client relationships. Each week, the Helios...

Read More