UBS On-Air: Paul Donovan Daily Audio 'Pricing imprecision'
UBS On-Air: Market Moves · Podcast owner
January 14, 20262m 43s
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Show Notes
US December consumer price inflation is not likely to push the Federal Reserve into cutting rates immediately. The numbers were not especially threatening, although they hint at upward pressure on the PCE deflator (by repute, the Fed’s favored inflation measure). However, the interpolation rate (using less precise prices) hit a record 40%, raising quality questions. Politically sensitive prices like groceries soared, suggesting affordability will remain an issue.