Stocks could suffer if U.S. inflation cools less rapidly as once thought, Deutsche Bank warns

New data showing inflation in the U.S. hasn’t cooled as quickly as previously thought could help spur a selloff in stocks and bonds, according to a top Deutsche Bank strategist.

In his latest chart of the day, Jim Reid, Deutsche Bank’s head of thematic research, highlighted the latest annual revisions to the monthly consumer-price index data, which were released by the Bureau of Labor Statistics on Friday. “Core inflation has still been falling since June but the pace has been less extreme than previously thought,” Reid said in a client note on Monday.

“…[T]hese revisions, alongside fresh increases in used car prices , and the recent strong payrolls print complicates the near-term inflation picture and the job of the Fed,” Reid said. Another risk to markets is that the latest adjustments from the BLS give more weight to a key measure of housing costs known as owners’ equivalent rent, which hasn’t declined as quickly as other aspects of the CPI price basket, Reid said.

Market strategists blamed the weakness on fears that stubbornly high wage growth and services-sector activity could help to reverse the decline in price pressures observed over the past six months.

Nah, NYSE is shockingly and irrationally resilient.

Sounds like they're afraid the USA will recover earlier than they will.

Lol no shit

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