EPISODE · Jul 16, 2025 · 20 MIN
This CPI Report Just Exposed the Fed’s Biggest Problem
from Eurodollar University · host Jeff Snider
Five months and little to show for it. Tariffs have been applied for that long, yet consumer prices remain suspiciously tame. The real story isn't the possible pass-through of trade duties, its why that isn't happening on a far broader basis. We got more evidence for why from American bank balance sheets. Eurodollar University's Money & Macro AnalysisBLS June 2025 CPIhttps://www.bls.gov/news.release/cpi.htmBloomberg US Core CPI Rises Less Than Expected Again Despite Tariff Impacthttps://www.bloomberg.com/news/articles/2025-07-15/us-core-cpi-rises-less-than-expected-for-a-fifth-straight-monthBloomberg US 30-Year Yield Tops 5% as Traders Pare Bets on Rate Cutshttps://www.bloomberg.com/news/articles/2025-07-15/treasuries-gain-after-inflation-report-meets-economists-forecasthttps://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDU
What this episode covers
Five months and little to show for it. Tariffs have been applied for that long, yet consumer prices remain suspiciously tame. The real story isn't the possible pass-through of trade duties, its why that isn't happening on a far broader basis. We got more evidence for why from American bank balance sheets. Eurodollar University's Money & Macro AnalysisBLS June 2025 CPIhttps://www.bls.gov/news.release/cpi.htmBloomberg US Core CPI Rises Less Than Expected Again Despite Tariff Impacthttps://www.bloomberg.com/news/articles/2025-07-15/us-core-cpi-rises-less-than-expected-for-a-fifth-straight-monthBloomberg US 30-Year Yield Tops 5% as Traders Pare Bets on Rate Cutshttps://www.bloomberg.com/news/articles/2025-07-15/treasuries-gain-after-inflation-report-meets-economists-forecasthttps://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDU
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This CPI Report Just Exposed the Fed’s Biggest Problem
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