2025/6/12 The impact of tariffs is a minor CPI
United States
The CPI rose somewhat, but undershot market expectations, and the core also remained flat without any acceleration.
Although the forecast had been for a higher reading, it missed, and the Dow Jones Average and gold held short positions but have cut losses.
Only the inflation nowcast from the Cleveland Fed was published with a lower-than-expected figure, and it turned out as predicted. From next time, it seems especially worth watching.
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