Liz Thomas: Headline and core CPI meet expectations while supercore jumps

Liz Thomas: Headline and core CPI meet expectations while supercore jumps
Headline and supercore CPI surge

Liz Thomas highlights that headline CPI was in line with expectations at 0.4% month over month and 3.4% year over year.

She adds that core CPI was slightly above estimates at 0.3% month over month and 2.4% year over year, while supercore CPI was notably strong at 0.5% month over month and 3.0% year over year, marking the second-hottest monthly print since January 2025.

Earlier this year, Liz Thomas reported that regional Federal Reserve surveys showed service firms were experiencing less inflationary pressure and had limited pricing power here. She also noted that a market pullback did not signal the end of the ongoing bull phase, pointing to continued optimism for gains here. These observations provide context for her latest comments on CPI data.

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