Inflation Drops Most In 2 Years, but Not Everyone Is Buying It
The Breakdown
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The Fed's Watch on Non-Shelter Services Inflation
Core CPI clocked in at 5.5% for the prior month, meaning that we could be beginning to see a re-acceleration in the core inflation metric. Oil prices remain stuck above $80 per barrel since that announcement was made, which is a price level not seen since November of last year. March retail sales are projected to show a continued fall for goods demand, which has been a major disinflationary force in recent reports.
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