June, July, & August 2024 CPI & PPI not what Fed Reserve Needs for rate policy change

Even money bet they won’t cut until after the election.
The FED is being very cautious as they should be at this time.

 

Cuts, no cuts, remains to be seen .

FWIW, the boys and girls on wall street seem to like the direction of the economy. My portfolio is looking pretty good these days.

 

CPI excluding housing up 1.7% YOY

Consumer Price Index for All Urban Consumers: All Items Less Shelter in U.S. City Average

Since June 2022 it’s up about 1.2% annualized.

Inflation looks to have been brought back to normal levels. At this point we are just waiting for CPI housing inflation to catch up to rents

US - Rent CPI vs. New Tenant & Zillow Rent Index | US Prices | Collection | MacroMicro

Median rent has been flat about two years.

Apartment List National Rent Report

 

Retirement plans are killin, not to mention the gov bonds that are yielding a fat %. Then there's liquid cash in high interest-bearing savings. I never hear folks mention it. Do they not have retirement accounts? Stocks? Bonds?

 

Lol... The Dems never stop lying about the economy when they're destroying it.

Wholesale prices rose 0.2% in June, slightly hotter than expected

 

0.1 or 0.2% per month is literally the fed's target preferred monthly rate.

 

Yes, the economy is doomed because the initial reading of PPI came in at 0.2% instead of the expected 0.1%. Such a disaster. Markets must be tanking on this news, right?

 

CPI is generally the standard the FED uses to determine rate cuts or increases. PPI is an important metric, but not as important as consumer prices. PPI coming in .1% higher than expected, with CPI coming in .1% lower doesn't really change anything. Still unlikely to see any rate changes when the FED meets later this month. But if all the numbers continue on a similar path through the summer, we may see a small drop in Sept.

 

Tip of the iceberg... and you know the rest of it.

 

Hmmm, so you know much better than the markets about what is coming then?

 

It’s the dreaded recession you’ve been predicting for 3.5 years isn’t it? It’s finally here!

 

From CNN Business, experts from Lazard and BNP Paribas both think rate cuts are off the table in July. But recent reports suggest cuts as high as half a point are possible in September. But what do experts with advanced degrees and years working in an industry know?

 

Just as long as you give it all to the grandkids hiding in your basement with their dogs not having sex because of climate change.
They're gonna need a lot of therapy after immigrants break into your house, claims it as theirs, steal their/your money and dog.

 

Your fantasies are pretty odd, it must be said. But to each their own.

 

Hmm, could that be because the number of jobs fell during Trump?

 

Hmm, could that be because so many people lost their jobs at the lower end of the spectrum, causing a huge spike in median earnings?