In Reply to: CPI rises at just 0.1% vs 0.2% estimate. Thank you posted by wwood2 on June 11, 2025 at 06:43:59
NYT:
One explanation for the delay is that businesses had stockpiled inventories ahead of Mr. Trump’s levies and were able to lock in lower prices as a result. Americans, under greater financial strain than in the past and with fewer job prospects, have been a bit more reluctant to spend as well.
“Retailers and consumers are doing this nervous dance together, where consumers aren’t quite sure what they’re going to buy and retailers just don’t have the nerve to increase prices until they have to,” said David Kelly, chief global strategist at JPMorgan Asset Management. “The general sogginess of the economy and the nervousness among retailers is preventing it from coming through very fast.”
CNBC: JPMorgan’s Jamie Dimon warns U.S. economy could soon ‘deteriorate’