CPI and PPI Come in Below Expectations, Potentially Giving FOMC Some Breathing Room

There was finally some relief after a steady stream of hot inflation data. After 10 months of upside surprises, CPI finally came in lighter than expectations on Wednesday. Core CPI was slightly down and essentially flat, Food was slightly up, and Energy had the biggest drop and made the downside surprise possible. The 8.5% headline number is still more than 4 times the Fed’s target, but the progress was a very welcome sign for markets. In a positive turn for the increasingly beleaguered consu...

checkout-thomas-lee image
checkout-logo image

Become a Member To Access Fundstrat Research

Fundstrat Direct gives individual investors access to Tom Lee's research, previously only available to banks and hedge funds.

Monthly
Annual
Macro
Evidence-based market intelligence from our team of renowned analysts.
$199/mo
Start 30-Day Free Trial
  • Near-daily macro strategy from Tom Lee & team
  • Real-time macro market alerts
  • Curated stock lists and sector allocation tools
  • Live webinars (macro)
Crypto
Clear-cut insights into the cryptocurrency market, grounded in Fundstrat's macro framework.
$99/mo
Start 30-Day Free Trial
  • Near-daily crypto strategy from Fundstrat team
  • Real-time crypto market alerts
  • Curated crypto picks and crypto equities lists
  • Live webinars (crypto)

Why Join Fundstrat Direct?

Fundstrat Direct helps you invest confidently with the same research banks and hedge funds use to navigate the market.

Daily Strategy Icon

Daily Strategy from Tom Lee & Team

Stay ahead of consensus with daily updates on key developments & catalysts and opportunities ahead.

Real-Time Market Alerts Icon

Real-Time Market Alerts

Analysis on market-moving events and actionable opportunities delivered instantly from us to you.

Curated Stock Lists Icon

Curated Stock Lists

Choose the portfolio that best suits your investment style, preferred asset class, and time horizon.

Monthly Market Update & Top Ideas Webinar Icon

Monthly Market Update & Top Ideas Webinar

Attend engaging webinars with Tom & team featuring our top ideas and near-term market outlook.

Daily Technical Strategy Icon

Daily Technical Strategy

Receive tactical opportunities, actionable signals, and fundamental analysis from our proven research team.

Live Analysis on Your Holdings Icon

Live Analysis on Your Holdings

A monthly webinar featuring live analysis on member-submitted stocks and questions.

There was finally some relief after a steady stream of hot inflation data. After 10 months of upside surprises, CPI finally came in lighter than expectations on Wednesday. Core CPI was slightly down and essentially flat, Food was slightly up, and Energy had the biggest drop and made the downside surprise possible. The 8.5% headline number is still more than 4 times the Fed’s target, but the progress was a very welcome sign for markets. In a positive turn for the increasingly beleaguered consu...

Create a free account to read the full report

You have 2/2 reports available to read for free this month with a free account

By continuing, you agree to the Terms of Service and Privacy Policy.

Already have an account? Sign in
Disclosures (show)

Events

Trending tickers in our research