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?

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

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

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

What was the percentage increase in food costs in January?