Fed’s Rate Cut Message Finally Heard

Inflation worries had all but disappeared recently. But as usual, the market likes to fool the majority, so we saw January’s consumer prices surprise to the upside today. 🫨

Headline CPI rose 0.3% MoM and 3.1% YoY, topping the 0.2% and 2.9% Wall Street had expected. Core consumer prices, which exclude food and energy prices, rose 0.4% MoM and 3.9% YoY. Shelter was again the largest component driving the increase, climbing 0.6% MoM and 6% YoY. 🔺

Read It

More to Read