POWERLESS PRICING
10/27/2025 |
September CPI came in relatively tame at 0.3% M-o-M, while all-important core inflation was just 0.2% M-o-M, its lowest reading since June. Both were up 3% Y-o-Y. Shelter inflation is finally falling, tariffs remain hard to discern, and services (think immigration crackdown) rose just 0.2% M-o-M, good news. Critically, there is no sign of an inflationary breakout. A 25bps Fed rate cut on 10/29/25 at 2pm ET is assured.