http://www.bloomberg.com/apps/news?p...nvxcrefer=home
Here's the report from BB-it's somewhat confusing, but I believe this the important thing to look at:
So far this year, consumer prices are rising at a 2.2% rate, compared with a 3.8 percent rate in same period last year. Core prices are climbing at a 2.6 percent rate, following a 2.2 percent pace during the first 11 months of 2005.
So that it looks like core CPI is rising higher this season then for the exact same period last year and that is it is still far over the Fed's preferred target of 1-2%.
The November rise in core consumer prices throughout the 12 months ended in November has been the tiniest year-over-year gain since June, the current figures revealed. September's 2.9 percent increase was the biggest 12-month jump since 1996.
So core CPI may be trending down, however, the most important thing is it's.4 higher then the exact same period last year. No indiion that a rate cut is imminent. Definately not for March I would believe. After that, perhaps.
And yeah-the TIC data indies huge foreign investment in equities and government paper. . .definately indiing where all the recent $ buying is coming from...