U.S. CPI Tops 7%, Blowing Away Expectations

The video discusses market expectations versus actual economic performance, highlighting a higher-than-expected rise in core estimates. Raphael Bostic from the Atlanta Fed emphasizes the importance of month-over-month trends, which currently do not favor the Fed's goals. The Labor Department reports significant increases in food and energy prices, with electricity being a major contributor, although gasoline and natural gas prices have decreased. These trends suggest potential challenges ahead.

What was the market consensus for the rise in January?

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What did Raphael Bostic of the Atlanta Fed say he is watching?

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What does the speaker imply about the trend in the market?

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What are the largest contributors to the rise in costs according to the Labor Department?

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What was the percentage increase in food costs in January?

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