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The Atlanta Federal Reserve's underlying inflation dashboard is showing mostly elevated readings following the recent Consumer Price Index (CPI) release. E.J. Antoni highlighted this development, suggesting the data point may indicate the possibility of another rate increase.
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Antoni previously noted that CPI rent prices are lagging and may not reflect actual declines in real-world rent inflation. In a separate observation, he reported that real median weekly earnings fell in the third quarter to the lowest since Q2 2024. These data points add context to his latest focus on underlying inflation measurements.