June's CPI report shows inflation cooled substantially last month and prices fell for the first time in two years. Could a rate cut be in the cards for September? Avantax Co-CIO Ivan P Gruhl, CFA weighs in with his thoughts in this Kiplinger article: https://bit.ly/3XVPL4j #Inflation #EconomicUpdate #Economy #CPI
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Huge inflation news today! All measures of CPI cam in below forecasts. Month of month came in at -0.01% versus forecasted +0.01%. Treasuries falling. Odds of September rate cut will increase, and it was 77% last week. Great news for CRE! #economy #interestrates #inflation #multifamily
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Inflation was hotter than expected in January, with rising shelter costs a key contributor to the increase. Yet, annual inflation has come down quite a bit after peaking in 2022. Headline CPI is now at 3.1% (down from 9.1%). Core CPI, which removes food and energy prices, is at 3.9% (down from 6.6%). How will the Fed see this progress as it ponders monetary policy and rate cuts this year?
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March CPI report showed that overall inflation rose .4% The year over year increased from 3.2% to 3.5% which is clearly hotter than the 3.4% expected. Note that the majority of this increase i.e. .4% came from Shelter up .2% and Motor Vehicle Insurance up .1% However, the core CPI strips out food and energy prices which clearly make this 4.7%. Based on these numbers we can clearly see that inflation is not under control with government spending, bad policy's and high gas prices. #CPI #cpidata #CPIinflation #Market #economy
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MUFG U.S. Economist Agron Nicaj writes in his latest publication that monthly growth in core CPI eased substantially in June, marking two consecutive months of strong disinflation. Unlike in prior months, core services had a small contribution to overall inflation and most surprisingly, Owners’ Equivalent Rent (OER), the largest component of the CPI by weight, fell considerably. These otherwise “sticky” components are now the driving force behind disinflation. Increased volatility from month-to-month may now be a concern, but there is no clear way of addressing it. The complete publication is available here: http://ms.spr.ly/6047lPRAS #USEconomy #CPI #Disinflation
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Annual inflation has come down quite a bit after peaking in 2022. Headline CPI is now at 3.1% (down from 9.1%). Quite a positive trend. Looking forward to Fed monetary policy moving forward.
Consumer Price Index (January 2024)
mbshighway.com
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CPI's latest data release has shown that inflation remains stubborn at least in the headline (food and energy) while the CPI core has slightly moved downward. The battle against inflation has brought it down from 9% to 3.3%, but pushing it from where it is to the Fed's 2% target will be tough. However, there might be good news for investors who missed the prime yield time in October, as the Fed will likely have less incentive to cut rates soon. #CPI #inflation #investors #economy Edgewater Family Wealth
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Welcome to US CPI inflation day where consensus forecasts expect the core measure for December to edge slightly lower and the headline measure slightly higher. Specifically: An expected 0.3% monthly increase in core would lower this annual rate to 3.9%; and A similar increase in the headline measure would increase this annual rate to 3.3%. Importantly, absent improvements on the supply side, the outlook for continued disinflation to 2% is likely to get trickier from here -- the so-called "last mile" challenge. #economy #inflation
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Inflation was hotter than expected in January, with rising shelter costs a key contributor to the increase. Yet, annual inflation has come down quite a bit after peaking in 2022. Headline CPI is now at 3.1% (down from 9.1%). Core CPI, which removes food and energy prices, is at 3.9% (down from 6.6%). How will the Fed see this progress as it ponders monetary policy and rate cuts this year?
Consumer Price Index (January 2024)
mbshighway.com
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The latest US CPI data shows an increase of 0.3% in April (or 3.4% YoY) -- a little less increase than forecast of 0.4%. CME Fed Watch tool suggests rates aren't coming down in the upcoming June meeting: #CPI #Inflation #Fed #MonetaryPolicy #InterestRates #Economy #Macroeconomics #FinancialMarkets
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Producing Manager - Residential Mortgage / $0 Down Payment Mortgage / Conventional, Gov, Doctor & Professional Loans / Jumbo / CP
Inflation was hotter than expected in January, with rising shelter costs a key contributor to the increase. Yet, annual inflation has come down quite a bit after peaking in 2022. Headline CPI is now at 3.1% (down from 9.1%). Core CPI, which removes food and energy prices, is at 3.9% (down from 6.6%). How will the Fed see this progress as it ponders monetary policy and rate cuts moving forward?
Consumer Price Index (January 2024)
mbshighway.com
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