Report Cover
Headline
Since December, core CPI has risen +2.3% annualized; that is the first time that the three-month trend has exceeded the Fed’s +2% target since mid-2014 (technically, the target is for core PCE, which has been running somewhat below its CPI counterpart).
Abstract
FMI’s analyses of this morning’s March CPI report & Other Inflation Indicators and March Bank Lending & Money Supply data.