NY Price Paid Expectations moved UP. This is now 64.2, up from 58.7. The three-in-a-row down moves broke this morning.
Jeff Weniger
Jeff Weniger12.8. klo 02.20
Tomorrow is CPI day; the consensus is +2.8% YoY, up from 2.7% last month. I have no strong opinion on this specific print. However, in trying to gauge inflation around Christmastime or spring 2026, I want to show you this chart. On Friday we get Empire Manufacturing. Prices Paid Expectations has witnessed 3 consecutive declines from the April tariff hysteria peak. This appears to be a cap on inflation.
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