Markets Rally on CPI, Megan Isn’t Sold | S3 E159 | 08-12-26
July’s Consumer Price Index is in, and markets are cheering. Headline CPI rose 0.1% for the month and 3.5% year-over-year, while core CPI came in at 0.2% monthly and 2.5% annually. Both numbers landed right where economists expected, and both ticked slightly lower than June. But as Megan explains, “as expected” isn’t the same as “good news.”
In this episode, Megan covers:
– Why July’s in-line CPI report still isn’t something to fully celebrate
– How service sector inflation reversed course and ticked back up to 0.2%
– Which categories, like airline fares and apparel, are still pushing prices higher
– Why core CPI has now stayed above the Fed’s target for 63 straight months
– What sticky inflation could mean for the Fed’s September and December decisions
– Why tomorrow’s PPI report and the upcoming PCE reading matter for the bigger picture
If you’re trying to make sense of what today’s inflation numbers really mean for your money, this one’s worth five minutes. Subscribe so you don’t miss next week’s breakdown.
For a history of all Markets with Megan episodes, visit: https://marketswithmegan.FM
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