CPI: No Inflation In June, But Shelter Prices Up 3.8% YoY (Foul Powell On The Prowl)

#bubble, #inflation, CMBS, CRE, Credit, ECB, Economy, Existing Home Sales, fannie mae, Fed, Freddie Mac, GDP, Gold, Housing, Inflation, Mortgage, New Home Sales, Powell, REITs, Silver, Treasuries, Treasury, Yellen, Yield Curve 1 Minute

US prices rose 0.3% MoM in June according to the Bureau of Labor Statistic (BLS). And on a YoY basis, inflation rose 2.7% while core inflation rose 2.9%.

Supercore inflation was up 3.017% YoY.

As of May, import prices rose a scant 0.0% MoM and 0.2% YoY.

Shelter rose 3.8% YoY in June while gas utilities rose 14.2%.

And on this news, the yield on 30-year Treasuries rose 5%.

Not a chance that Foul Powell will cut rates now.













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