Consumer Price Index:Historical Releases/2023 February: Difference between revisions

Consumer Price Index:Historical Releases/2023 February (view source)

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 Some developments during the month: (more details: https://investmentwiki.mywikis.eu/wiki/Consumer_Price_Index)
-<nowiki>*</nowiki> Wages are still increasing at a rate of 4.6%, more than January 4.4%. The labor market remains still too tight.
+<nowiki>*</nowiki> Wages are still increasing at a rate of 4.6%, more than January 4.4%. The labor market remains still too tight, having the most effect in services CPI.
-<nowiki>*</nowiki> Energy and Food prices remained mostly flat during February
+<nowiki>*</nowiki> Energy and Food prices remained mostly flat during February.
-<nowiki>*</nowiki> Used car prices saw a big increase in February of  4.3%, but still down Y/Y. New car prices decline 1.4% m/m.
+<nowiki>*</nowiki> Used car prices saw a big increase in February of  4.3%. New car prices decline 1.4% m/m.
 <nowiki>*</nowiki> Supply chain pressures have returned to normal in February.
 <nowiki>*</nowiki> Housing prices continue to decline m/m, but this will only be reflected later in the year.
 Due to the Banking situation unfolding recently, market is now pricing 75% of 25 bps and 25% of no hikes in next the meeting, a terminal rate of 4.75%, and rate cuts around September.<ref>https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html?redirect=/trading/interest-rates/countdown-to-fomc.html</ref>