Despite long-term low interest rates, and a greatly expanded money supply and balance sheet of the Federal Reserve, inflation remains muted, for decades. Whether this phenomenon holds true with a rebalancing of the US-Chines trade relationship remains to be seen. The era of cheap Chinese goods may be over.
Consumer Price Index (MoM) (Dec) printed at 0.2% vs 0.3% consensus estimate.
Consumer Price Index ex Food & Energy (YoY) (Dec) printed at the estimate -- 2.3%.
Consumer Price Index ex Food & Energy (MoM) (Dec) printed at 0.1% vs 0.2% estimate.
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