Summary
- Both the headline and core inflation numbers matched the consensus estimates, so no surprises in today’s numbers.
- Non-seasonally adjusted inflation declined slightly in October, which will cause a slight drop in TIPS principal balances in December.
- A December rate increase still looks likely from the Federal Reserve.
Read my full analysis on SeekingAlpha.com
Also, I have updated my Inflation and I Bonds page with these new numbers.
And here are the new December inflation indexes for all TIPS.
David, with all due respect, facts are better, e.g "but not massive." Really! Don't have to be a political appointee...look…