At least two more Fed cuts likely in 2026, says Moody's Mark Zandi - part 2/2

yeah i mean i was pretty annoyed by that CPI i mean i get it i mean the bureau of labor statistics had to make some choices about what they were going to do for the month of october because there was no survey given the government shutdown so you know no matter what assumption

they made there they'd be a lot of questions but they assume no basically no inflation no change in prices for the you know vast majority of goods and services in october and obviously that makes no sense whatsoever so we went back with good good product by product good by good

service by service looked at what private sector data we had we have our own ways of taking that and translating that into what it means for CPI calculated CPI based on that set of assumptions and we're right back to three percent so in in my thinking you know inflation CPI

inflation is three percent which is you know obviously well above the fed 's target which on CPI is probably closer to two point two or two point three percent so we're going to keep track of this you know for at least for a year until we get to next october because the year

over year number is going to be biased lowers as a result of the choice that BLS made here as well but i won't you know nerd you out on those things but but that was the biggest thing