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>The data, when paired with prior months’ lower-than-expected readings, point to more consistent signs that inflation is easing and may pave the way for the Fed
by alexb_ 4y ago
>The data, when paired with prior months’ lower-than-expected readings, point to more consistent signs that inflation is easing and may pave the way for the Fed to downshift to a quarter-point hike at their next meeting ending Feb. 1.
I hope not. There's an absurd amount of dumb money floating around, and YoY inflation is still at 6.5%. Higher interest rates are going to force companies and investors to actually post profits instead of functioning as giant leeches on the economy.
- UncleMeat 4y agoYoY is at 6.5%, but the last six months annualized is 1.8%. The YoY numbers are rapidly becoming misleading.
- cpursley 4y agoI tend to agree. And in the housing market as well. All sorts of silly things have happened with home prices due to all the cheap money.
- hammock 4y agoHeadline and Core CPI printed 'as expected' however Services CPI soared to the highest in 40 years, real wages shrank for the 21st month in a row and housing costs continue to soar