
MOMO CROWD CPI ANGST, RUSSIA CUTS OIL OUTPUT, STAKING CRACKDOWN
By Nigam Arora & Dr. Natasha Arora To gain an edge, this is what you need to know today. CPI Angst Please click here for a chart of services Consumer Price Index (CPI) less shelter. Note the following: The chart shows that services CPI less shelter has come down on a month-over-month basis. The Fed is most concerned about services CPI less shelter for the following reasons: The consumer is on a binge to consume services. Job growth in services is very strong. Wage hikes in services are proving to be sticky. Cleveland Fed’s model is predicting January Core CPI at 0.46%