TSX:TNT.UN - Post by User
Comment by
flamingogoldon Jan 12, 2024 10:18am
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Post# 35823473
RE:U.S. inflation higher than expected.
RE:U.S. inflation higher than expected. Yesterday's CPI# was not great but it was acceptable and certainly not as bad as some are saying.
For instance, if inflation had jumped too high, it would be a clear signal that central banks need to do more work by tightening rates further. That would would be worse. Or, if inflation had dropped too fast, that would be a sign that central banks tightened too fast and too much sending the economy into recession.
Instead, yesterday's slight rise was acceptable and within the tight range for a soft landing.
SIGG1 wrote: This is also bad news. I wouldn't be surprised if we get back to these 'Rates higher for longer' headlines which would be a disaster for REITS.
GLTA