Reply To: Core Inflation Rose More Than Expected Again in January, Fed Hawkish Rhetoric Justified

#70014
MoneyNeverSleeps
Participant

Fed Barkin:
Today’s CPI was about ‘as expected’ still seeing a moderation overall
Still seeing moderation in overall level of inflation but still a ‘disconnect’ with services and shelter
Would have more confidence if improvement in inflation was broader
Progress on goods has been encouraging and could make the case that it could continue
Some businesses in service sector have found they have pricing power and will not give it up until there is pushback from consumers and competitors