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📰 ANALYST PREVIEWS FOR CPI REPORT JPM on Inflation: 🔸 Core CPI expected at 0.28% M/M, 3.3% Y/Y in Dec. 🔸 Shelter inflation to decline, with slight increases in rents. 🔸 Lodging up 0.6%, airfares strong, public transport to recover. 🔸 Goods deflation waning; used cars flat, new cars up 0.9%. 🔸 Goods inflation near zero; dollar strength might lower import prices, but tariffs could counteract. 🔸 Services inflation cooling. Morgan Stanley on Inflation: 🔸 Core CPI up 0.26%M, less than recent months. 🔸 Car prices still up but hurricane-driven pressure easing. 🔸 Rents to rise but slower than last year. GS on Inflation: 🔸 Used cars up 1.0%, airfares up 1.0%, car insurance up 0.3%. 🔸 Shelter slightly up (OER +0.30%, primary rent +0.25%). 🔸 Communications expected flat due to seasonal effects.

January 14, 2025
Frank

ANALYST PREVIEWS FOR CPI REPORT

JPM on Inflation:
🔸 Core CPI expected at 0.28% M/M, 3.3% Y/Y in Dec.
🔸 Shelter inflation to decline, with slight increases in rents.
🔸 Lodging up 0.6%, airfares strong, public transport to recover.
🔸 Goods deflation waning; used cars flat, new cars up 0.9%.
🔸 Goods inflation near zero; dollar strength might lower import prices, but tariffs could counteract. 🔸 Services inflation cooling.

Morgan Stanley on Inflation:
🔸 Core CPI up 0.26%M, less than recent months.
🔸 Car prices still up but hurricane-driven pressure easing.
🔸 Rents to rise but slower than last year.

GS on Inflation:
🔸 Used cars up 1.0%, airfares up 1.0%, car insurance up 0.3%.
🔸 Shelter slightly up (OER +0.30%, primary rent +0.25%).
🔸 Communications expected flat due to seasonal effects.