CD Media
Markets

China Tariff Wiggle Room…CPI Data Unremarkable

Image via Unsplash

Per the Financial Times, a US official clarified that the 200bn in new tariffs on China would apply only to new shipments, not goods already in transit. The effect is that of buying time; shipments take from 2-4 weeks to arrive, so negotiations can proceed in the meantime, and it is conceivable that a trade deal is reached before the bite of new tariffs is felt in Beijing.

Month-over-month CPI data from this morning was 0.3, a one-tenth miss of 0.4 Street consensus. This is attributed in part to continued weakness in apparel despite the BLS re-tabulating how to measure apparel data. Housing and rent were firm. Core inflation was 0.1.

Related posts

Initial Jobless Claims Hit Estimates

CD Media Staff

US Trade Deficit Narrows Unexpectedly

CD Media Staff

U.S. Factory Orders Rise In January

CD Media Staff

Leave a Comment