📊🇺🇸Half Of U.S. CPI Basket Rises Above 2%: Cable FX Macro
An analysis of underlying inflation momentum reveals that 50% of sub-components in the US CPI basket are currently expanding at an annualized rate above 2%. While this reflects a significant moderation from peak inflation cycles where broad-based price pressures dominated the index, a 50% breath reading underscores that inflationary sticky spots persist beyond standard baseline targets.
37.5% of components running above a 5% annualized rate, price pressure distribution remains relatively concentrated within specific categories—such as core services and housing—rather than being evenly spread across the entire consumer basket.
U.S. 2-year Treasury yields rise to 4.800% on Wednesday session to mark a third consecutive day of increases. The 2-year U.S. Treasury yields track a 132bps increase this year.
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