Latest CPI Data Finds Consumers Literally Spend More Bread to Buy Bread

In economics, there’s often a bifurcation when it comes to data — the difference between what the headlines tell us and what the wallet feels.

Case in point: Septembers’ official reading on consumer price increases reflected an overall slowing pace of inflation — on an annualized basis — though the 0.2% month-over-month increase was “hotter” than some had expected.

That may be enough to push the Fed to cut rates again — perhaps as soon as its next meeting this month — and another...