Post by
flamingogold on Feb 13, 2024 9:59am
CPI# goes the wrong way
Might be a hiccup before we get to those new all time highs as the FED is now likely going to wait until June at the earliest to cut. Let's hope inflation doesn't tick up again next month or else we are looking at another rate increase. Consumer is still very strong, wages are up, housing is bouncing back.
Overall, we are in better shape than looking at the teeth of a recession but, at the moment, the soft landing is facing some turbulence
Comment by
Mikerich on Feb 13, 2024 10:20am
Inflation not going anywhere after printing trillions during Covid, ultimately delaying the inevitable. Buckle up, bumpy ride ahead.....
Comment by
nedstar71 on Feb 13, 2024 10:26am
The indicated three rate cuts this year aren't happening. It was stupid of them to even throw out that number. Any rate cut in the next six months would be irresponsible. One before Christmas? Maybe. Or none. I should be the fed reserve chairman. There. I said it.
Comment by
flamingogold on Feb 13, 2024 10:35am
Agree, I don't know why Powell gave in to the market's wishes last Fall to break from his usual hard line and offer up 3 rate cuts. However, the year is still young and a lot can change. There are still 2 hot wars going on that can escalate and the big elephant in the room is the US presidential election with 2 candidates that are both less than desireable.