We Have The Tools/Tolls To Do It

We Have The Tools/Tolls To Do It By Michael Every of Rabobank Markets were delighted by US CPI data. Against a backdrop of oil up nearly double digits they instead got a number closer to a future trimmed mean measure without that nasty volatility, even if it was a fall in gasoline prices that resulted in the -0.4% m-o-m headline and 0.0% core prints. Warsh modelled the New Model Army he wants to see central bankers being: he refused to say ‘mission accomplished’ on inflation: “...

By Tyler Durden