36 days ago • Posted by Jasper Lawler
What are the different inflation gauges telling us before today's CPI data?
"The market is beginning to debate whether or not the Fed is right on inflation," said Peter Cardillo, chief market economist at Spartan Capital Securities in New York. "Will this be more than transitory? That's what the market is beginning to discount."
Market participants will scrutinize the Labor Department’s CPI report, due early Wednesday, for further signs of potential inflationary pressures.