Nov accelerates big to +.8% mth/mth (vs. October's reading of +.3%) = Hawkish
Forget the "Core Inflation" reading that the Fed Centrists want you to focus on; thats simply unobjective, and part of a "narrative fallacy" bull case that 'inflation is low'...
This CPI report puts US Consumer inflation +4.3% year/year vs. Bernanke's stated level of comfort being closer to 2%...
Bernanke is "data dependent", and now comfortably in a box for Christmas.
Happy Holidays!
KM
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