TSX:AX.PR.E - Post by User
Comment by
Torontojayon Mar 26, 2024 8:54pm
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Post# 35954392
RE:POWELL AND FRIENDS
RE:POWELL AND FRIENDS
garyreins wrote: Think about it, if he is committed to 3 cuts this year and beleives inflation would continue to come down, you can assume the FIX is in. No hes not against Biden working oppposite in policy, fed officials, government and yellen are all in bed together.
Because if hes wrong and he cant cut, cause inflation goes back up, he losses credibility and that the hikes are even working....the final 50bp last june has accomplished almost nothing year over year rate is the same
Core cpi non seasonal adjustment was 4.65% y/y from July 2022 to July 2023. The last rate hike was July 26, 2023. As of Feb core cpi is 3.75% or about 90 basis points lower than where it was on the month of the last hike.
Gasoline prices rose in 2024 which partially explains the jump in m/m inflation figures. It is best to remove these volatile components when assessing "core" inflation.