3 ms·

What wasn’t going to happen? The consensus was 6.2, this was well within expectations. It also showed inflation slowed. This is frankly well inline with what m

• FollowingTheDao 4y ago
  That it would not be higher than 6.2%. Economists surveyed by Dow Jones had been looking for respective increases of 0.4% and 6.2%. So it was not "within expectations". And CORE CPI is even more improtant it increased 0.4% monthly and 5.6% from a year ago, against respective estimates of 0.3% and 5.5%. "While price increases had been abating in recent months, January’s data shows that inflation is still a force in a U.S. economy in danger of slipping into recession this year." ANNNNNDD....they changed the weighting. "January’s CPI report will take some time to analyze, as the BLS changed its methodology in how it reports the index. Some components, such as shelter, were given higher weightings, while others, such as food and energy now have slightly less influence." Food and energy? Less influence? Housing prices, which are slowing, giving more weight? Hmmmm.....
  • kasey_junk 4y ago
    Consensus is a band with 6.2 being the median. No serious analyst would have said it “can’t be over 6.2”. 6.5 was the top of the bell curve I saw as late as yesterday. 6.4 is just not a weird number and won’t change any market expectations.