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Overall US CPI moved up to 2.7% in June, the highest level since February.
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US Core CPI (excluding Food/Energy) moved up to 2.9%, also the highest since February.
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Doesn't this effectively eliminates any chance of a Fed rate cut at the July 30 FOMC meeting?
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20 sats \ 1 reply \ @denlillaapan 7h
I'm getting flashbacks to the mid-2010s ZIRP era, when the whole financial establishment had a heart attack over CPI numbers differing from forecast/previous report by decimal points.
My god, who cares
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0 sats \ 0 replies \ @Coinsreporter OP 7h
When fiat is fake, all numbers, surveys and related institutions can't be real. All are just made up and crooked.
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0 sats \ 0 replies \ @moptosh 5h
What could the Fed do on July 30?
Most likely: Hold rates steady at 5.25 % 5.50%.
Expect a more cautious tone from Powell during the press conference.
No clear signal on a September rate cut.
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0 sats \ 0 replies \ @Grateful 8h
These are made up bullshit numbers.
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0 sats \ 0 replies \ @Msd0457890 10h
The US economic outlook looks very confusing. On the one hand, Trump says it's the interest rates that are affecting the economy, and on the other hand, economists say it's the tariffs he himself has imposed. So, only the common citizen suffers. The average citizen suffers from inflation as well.
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0 sats \ 0 replies \ @Undisciplined 10h
Absent a housing market collapse, I don’t think we’ll see rates cut until there’s a Fed leadership change.
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