Skip to main content

Goodbye to June, hello September

Mid-week market update: In the wake of the hot CPI print and the doubts raised by members of the FOMC as shown in the minutes, such as:
Some participants noted that the recent increases in inflation had been relatively broad based and therefore should not be discounted as merely statistical aberrations. However, a few participants noted that residual seasonality could have affected the inflation readings at the start of the year. In addition...Several participants noted that the disinflationary pressure for core goods that had resulted from the receding of supply chain bottlenecks was likely to moderate.As a consequence, the market's expectations of the first rate cut has been pushed out to September, with only two cuts in 2024.



The full post can be found here.
Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.