Has there already been enough written on the US CPI for February, out overnight?
From the guy with the beard: USD on the ropes again after CPI data respite
From the guy who wants to grow a beard then move it to his head: February 2015 US CPI 0.0% vs -0.1% exp y/y
From the guy who one day soon will start shaving: Enough in the CPI report for the Fed to be 'reasonably confident'?
From the guy charting beards: Dollar in volatile up and down action after CPI data
Enough already?
Nah .... here's a couple of bank responses:
RBC:
- "If all the Fed requires is to be relatively confident that inflation is moving back toward their explicit 2% goal, the FebCPI report should provide them with some relief."
Note: RBS is calling for June Federal Reserve rate hike
Deutche Bank:
- "If not for the sharp drop in energy, CPI would be rising at just about a 2% pace instead of the current unchanged reading
- "headline inflation, which includes energy prices, will eventually gravitate back toward 2% in less than a year."
- DB doubts CPI less energy will weaken on the stronger USD because non-energy services prices have a larger weight than non-energy goods and a tighter labor market will see higher services prices