http://www.bloomberg.com/apps/news?...nvxc&refer=home
Here's the report from BB-it's a bit confusing, but I think this the important thing to look at:
So far this year, consumer prices are rising at a 2.2 percent rate, compared with a 3.8 percent rate in same period last year. Core prices are increasing at a 2.6 percent rate, after a 2.2 percent pace during the first 11 months of 2005.
So it looks like core CPI is rising higher (faster) this year then for the same period last year and that's it's still way above the Fed's preferred target of 1-2%.
The November increase in core consumer prices during the 12 months ended in November was the smallest year-over-year gain since June, today's figures showed. September's 2.9 percent rise was the biggest 12-month jump since 1996.
So core CPI may be trending down, but the bottom line is that it's .4 higher then for the same period last year. Certainly no indication yet that a rate cut is imminent. Definately not for March I would think. After that, maybe.
And yeah-the TIC data indicates huge foreign investment in equities and government paper...definately indicating where all the recent $ buying is coming from...
Here's the report from BB-it's a bit confusing, but I think this the important thing to look at:
So far this year, consumer prices are rising at a 2.2 percent rate, compared with a 3.8 percent rate in same period last year. Core prices are increasing at a 2.6 percent rate, after a 2.2 percent pace during the first 11 months of 2005.
So it looks like core CPI is rising higher (faster) this year then for the same period last year and that's it's still way above the Fed's preferred target of 1-2%.
The November increase in core consumer prices during the 12 months ended in November was the smallest year-over-year gain since June, today's figures showed. September's 2.9 percent rise was the biggest 12-month jump since 1996.
So core CPI may be trending down, but the bottom line is that it's .4 higher then for the same period last year. Certainly no indication yet that a rate cut is imminent. Definately not for March I would think. After that, maybe.
And yeah-the TIC data indicates huge foreign investment in equities and government paper...definately indicating where all the recent $ buying is coming from...