Just learn how to avoid consequences.
Show once a week, once a fortnight saves substantially vs every day shopping.
Think ahead, act instead of reacting.
Topic: April 10 CPI Print came in hot - page 2. (Read 255 times)
Maybe we have to live with higher for longer but it’s not much to worry about in my opinion. I still expect to see rste cuts this year, maybe we wait until June but there should still be one or two cuts. I hope to see multiple cuts in 2025 which should coincide nicely with the next crypto bull run.
Quote
The consumer price index climbed 3.5% year over year in March, according to data released today by the Bureau of Labor Statistics, faster than February's 3.2% pace. Economists surveyed by FactSet had expected an annual increase of 3.4%. The strong pace was driven by upticks in the cost of housing and gasoline.
Core inflation came in at 3.8% year over year in March, the same level recorded in February but slightly higher than the 3.7% year-over-year gain economists surveyed by FactSet had expected.
The news is likely to delay cuts to interest rates by the Fed. Officials want to see inflation decline toward an annual rate of 2%.
https://www.barrons.com/livecoverage/inflation-march-cpi-data-report-today
The next Federal Open Market Commitee, or populary known as the FOMC, meeting is going to be on April 30 to May 1. The negative reaction of the market yesterday is merely a trading opportunity used by traders because CPI came in hot again. What everyone should be waiting for is Jerome Powell's speech on April 30/May 1.
I believe he will make the same projection, saying rates are going to stay where they are + three probable rate cuts this year. But we already know there will absolutely be no rate cuts if inflation remains STICKY, and the CPI print yesterday has indicated that it is indeed STICKY.
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