Comes in a little bit stronger than we Had anticipated the markets were Expecting a four tenths rise we get six Tenths of a percent in january uh and Over the last 12 months we are at seven And a half percent so the market Consensus for 7.3 too low on a core Basis we're up six tenths that's a tick Better than the uh Core estimate by uh the market consensus And we are at six percent for the core On a year-over-year basis and i i might Point out that rafael bostic of the Atlanta fed said earlier this week that He's watching the month-over-month Statistics because he wants to see the Trend well this trend is no friend to The fed uh if we got this again next Week or next month you could probably Start talking about the possibility of a 50. but The labor department says food Electricity and shelter the largest Contributors food up nine tenths of a Percent in january that was after a five Tenths rise in december energy also up Nine tenths uh electricity uh was um The the big gainer there but uh gasoline And natural gas did go down and we know They've gone up since then so that's bad News on the horizon
