News: New CPI Data Surprises Wall St. (Here's Why)
Rebel Capitalist News
George Gammon
4.7 • 1.1K Ratings
🗓️ 15 February 2023
⏱️ 12 minutes
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| 0:00.0 | Hello fellow rebel capitalists hope you're well new |
| 0:02.3 | CPI data out and it is higher than Wall Street expected let's go right |
| 0:09.7 | over to an article from Zero Hedge and check this out and at the end of this video I'm |
| 0:16.8 | going to share with you some secrets from my CSI detective work yesterday on M2, Treasuries, the CPI, I think you're really going to get a kick out of it. |
| 0:29.5 | We're going to connect some dots for you on this video. |
| 0:33.0 | But first let's get over to Zero Hedge. |
| 0:36.0 | Like we said, CoreCPI rises 32nd straight month headline inflation hotter than expected year over year driven by |
| 0:46.5 | lagging shelter key talking points the CPI increased month over month by 0.5 percent The most in the |
| 0:55.0 | in three months, in three months, which seems odd because if you guys watch my video yesterday, |
| 1:00.0 | the most that we have had since July of 22 is 0.4, but that leads me to believe that maybe that's why there was that discrepancy between my addition, 6.2ish and the actual number 6.5 because they made some revisions. |
| 1:14.7 | We know that they revised December up from negative point one to positive point one, |
| 1:20.2 | but maybe they did that in one of those months like, was it October, November, |
| 1:25.2 | or something like that, where they had a 0.4. I'll bet you they raised that to a 0.5. |
| 1:29.8 | But moving on. So the expectation was 0.4%. |
| 1:36.0 | And they got a 0.5%, or excuse me. |
| 1:39.1 | Let's see, expectation was 0.3%. |
| 1:42.0 | Oh, okay. They They're they're mixing the core |
| 1:45.9 | CPI and the headline numbers. So let me just go ahead and read this whole thing |
| 1:49.1 | here. When I just scan it sometimes I lose quite a bit so |
| 1:54.8 | CPI increased 0.5% the most in three months versus 0.1% in the month prior. |
| 2:01.9 | On a core basis, it was up 0.4% versus 0.3, which was the |
| 2:07.4 | expectation. Both were in line with estimates on an annual basis, |
... |
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