CPI - over / under

[TommyIV]

Over/Under

The expected year-over-year CPI change is 8.1% for August after July's change was 8.5%. The report comes out tomorrow morning.

I could imagine a 0.04% drop given the quick decline in gas prices, but just for fun I'm betting the over. >8.1%.

CPI projections

 

[tsptalk]

I'll say under 8.1%.

Some very important people would like to see a seven handle (7.9%).

 

[tsptalk]

We get the CPI tomorrow and today's rally is suggesting that investors are expecting good news.

Yields are now actually up this morning. That's not exactly a bet on lower inflation. Maybe it's higher growth expectations? Anyway, rising yields had been a drag on stocks and oil is over $88 again so today's rally in stocks may be suspect if we assume bond traders are more savvy.