13:31
Economists: CPI rose modestly than expected Imported food prices rose significantly
On June 11, Brian Jacobsen, chief economist of Annex Wealth Management, said that the CPI data was much more modest than expected. For example, the price of bananas rose by 3.3% and the price of toys rose by 2.2%, but the price of eggs fell by 2.7%. A slight stabilization of trade policy would go a long way towards avoiding runaway inflation. This is yet another example of why the Fed is likely to shift its risk focus from the threat of inflation to the threat of economic growth.








