4 ms·
Nonsense. 8.5% is literally slightly hotter than the expected 8.4%. From yesterday's Axios: > Details: Analysts surveyed by FactSet expect the release to show
by zzleeper 4y ago
Nonsense. 8.5% is literally slightly hotter than the expected 8.4%. From yesterday's Axios:
> Details: Analysts surveyed by FactSet expect the release to show 8.4% inflation over the last year. That would be the highest inflation rate since December 1981. The rate was 7.9% for the year that ended in February.
From this morning (6am) Morning Brew:
> Good morning. Today’s consumer price index reading is expected to show that March prices surged 8.4% over last year. You know who’s not contributing to inflation? The Brew. Today, we’re launching a revamped referral program with cheaper “prices” on swag items…that were already free to begin with.
So the NEWS of the release is that it was 8.5% instead of 8.4%. That's why they pointed it out. Everything else was already priced in by markets.