Seeing the June CPI print with a negative sign.
You can be pretty sure now that Fed rate cuts are coming.
Core CPI for the past three months annualized is now running just 1.1%.
In fact, core goods prices have dropped 12 out of the past 13 months in the CPI.
We could actually be at a pretty nice economic inflection point right now--but only if the labor market doesn't keep slowing.
Persons:
we've, we're, Julia Coronado, J.P, Morgan, Powell, Goldman Sachs, Gary Cohn, Kelly Twitter, @KellyCNBC, @realkellyevans
Organizations:
CPI, Treasury, Trump, CNBC, Nasdaq