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Jul 15 2020

Reflation Green Shoots Multiply

  • Jul 15, 2020

The non-seasonally adjusted headline CPI rose 0.6% (y/y) in June, a bit stronger than market estimates. The Core CPI maintained its 1.2% annual pace (Chart 1), which is also a tad stronger than the market expectations. There was very little market reaction  to these new numbers since investors have learned to look through these numbers after COVID-19 and the latest numbers are not enough to impact any policy directions in the near term.

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About The Author

Chun Wang / Sr. Research Analyst & Co-Portfolio Manager