The Fed’s “High For Longer” Ripple Effect 

Wednesday was it turned out, a game in two halves, with a slightly better than expected CPI read in the morning, before the Fed’s no change decision later, but impacted by a more hawkish stance in the subsequent press conference. Risk-on assets had rallied after the CPI report showed the US core consumer price index fell to the lowest in more than three years. But later, the Federal Reserve penciled in just one quarter point interest-rate cut this year, down from three seen in March.
The CPI core goods inflation was in negative territory, but the news was not all as good. Remember that to account for the ongoing questions over measuring shelter prices, Chair Jerome Powell and his colleagues chose to focus on the so-called supercore of services excluding housing, a measure particularly influenced by wages. The good news is that both indexes fell last month - a bit. The bad news is that they’re still far too high for comfort and continue to make it hard to cut rates.
And The FED decided to hold rates, but played the data dependent, higher for longer card, again.
www.martinnorth.com/
Go to the Walk The World Universe at walktheworld.com.au/
Find more at digitalfinanceanalytics.com/b... where you can subscribe to our research alerts
Please consider supporting our work via Patreon: / digitalfinanceanalytics
Or make a one-off contribution to help cover our costs via PayPal at: www.paypal.me/MartinDFA
We also can receive bitcoins at: 13zBL1oRib9VJu8Uc9zUGNhxKDBBgUpDN1
Please share this post to help to spread the word about the state of things....
Caveat Emptor! Note: this is NOT financial or property advice!!
🚨BEWARE OF SCAMMERS🚨
As there are accounts impersonating Walk The World in the comments on RU-vid, note that our comments will have a distinguishable verified symbol. And remember that we will never message you asking you to give us money or talk to us on other platforms such as WhatsApp or Telegram