The September CPI of 2.4% is likely to be this cycle’s low.
It will almost certainly creep higher over the coming months.
Discussion
Rising inflation with rising unemployment? What will the Fed do 👀
I read these companies' earnings calls and these don't feel like companies that can raise prices. People will be lucky to keep their jobs if companies can't improve earnings. And China is exporting deflation.
I still think this gets revised and inflation will continue down.
But I'll read into it.