'Teflon' Inflation Won't Stick, JPMorgan's Kelly Says

So what's your take on this being in line. CPI print you could see under the hood there's disinflation coming from energy. And there's some inflationary pressures coming from housing and elsewhere.Well first of all, when you look at employment report or a CPI report, the truth is CPI is almost always what the analysts think because we have a lot of data going into it was just makes it very hard to have a big surprise. So I'm not surprised that we're not surprised. Uh, having said that, I think there is a cl ...