ANZ on high US CPI data - likelihood of transitory is falling

Author: Eamonn Sheridan | Category: Central Banks

The US inflation data released on Wednesday was way above target, again:

And, its not just consumer prices rises: 
A comment from ANZ is restrained:
  • The broadness of price rises suggests the likelihood of that being transitory is falling. 
Fed officials insist the rise in prices is temporary (transitory) and continue to do so. 

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