💥 US Inflation Update: Core CPI Cools Slightly
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Just in: Core CPI came in slightly softer than expected at 2.6% year-over-year, compared to forecasts of 2.7%. A big part of the slowdown came from transportation costs, like car insurance and vehicle maintenance. This suggests everyday expenses are easing a bit for Americans, even as the broader inflation picture stays uncertain.
But here’s the twist: the October shelter data is missing, which means year-over-year comparisons will look artificially lower through April. So while markets cheer the softer number, the reality is that inflation may not be truly cooling yet, and the Fed still has to watch carefully before making rate decisions.
Bottom line: a slightly softer CPI gives hope, but hidden quirks in the data mean uncertainty remains, keeping investors, economists, and policymakers on edge. The coming months could bring more surprises in inflation trends, affecting everything from stocks and bonds to the dollar.