How many times have I reluctantly used that word here in the first two weeks of the new year? And why do I use it "reluctantly"? Because I know that no one wants to be patient after the last ten years! However, patience is vital in 2023 and today you got a glimpse of why that's the case.
So anyway, welcome to January CPI day. As I write this at 9:00 am CT, it has been a very volatile 90 minutes since the data below was released....
