CPI Shows Sticky Inflation: Tariffs and Services Heat Up Core Print

Ben Emons breaks down the latest inflation print, highlighting stickiness in tariffs and services contributing to a hotter-than-expected core reading. He notes consistency in segments like household furnishings and used cars, but also sees potential for a decline in tariff impact over time. Emons believes the Fed remains on track for a rate cut, citing a growing camp worried about labor market weakness, and weighs in on the potential next Fed chair.

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