What amazes me isn’t just the sheer number of revisions to the CPI and PPI inflation data… it’s the fact that they’re always worse.
Never, “Oops, we overstated inflation!”
Always, “Actually… it was hotter. Sorry about that.”

Remember back in May when we all celebrated those unexpectedly low inflation numbers?
Yeah, turns out that was just a brief episode of data-based optimism.
The numbers were revised higher. Because of course they were.

At this point, the CPI release should come with a warning label:
“Preliminary. Subject to disappointment.”

Bottom line, inflation has been trending down since 2023 but is stuck or what we call sticky inflation. FEDs want 2% but they are not getting it.

Time for the FEDs to start lowering interest rates. The Bond market will respond with Mortgage rates reciprocating.

http://www.YourApplicationOnline.com