North American Financial 15 Split Corp T.FFN

Inflation comes in cooler yet again

[Splitfunding]

June’s consumer-price index rose 3% from a year ago, less than the 3.1% increase expected. Core prices, rose 3.3%. Economists had forecast the figure would hold steady at 3.4%. Month to month it was expected to rise 0.1% but instead it actually fell -0.1% Not a hugs change ofc but still good news for bank stocks.

[Splitfunding]

"big change" not "hugs change" damn fat fingers

[Inglewood]

Yet, American banks selling off in early trading this morning. The run up the last couple of days was great and undoubetedly in anticipation of a great CPI print... Hmmm case of buy on the rumor, sell on the news?

[Splitfunding]

They are turning green now though, then we have earnings coming right up next it will be interesting to see where things go from here

[Splitfunding]

Will say the overall market response to the good news has been more muted than expected so far(leaked?)...

[NoShoesNoShirt]

Everyone knows inflation numbers fluctuate and we’re talking about tenths of a percentage. Not leaked, but everyone can see food and gas is cheaper than last year. 

[mouserman]

Inflation is cooling overall, but not for seniors Inflation may be down for the first time in years, but try telling that to seniors and retirees. Yahoo Finance's Kerry Hannon reports:  US consumer prices fell in June for the first time since the early months of the pandemic. Consumer prices dipped 0.1% on a monthly basis, bringing the annual rate of inflation to 3%

[itsthehitman]

Agree 100%...as a senior I feel for the poor souls that did not plan for retirement and are struggling to get by. Best advice I got from my Italian immigrant grandfather was...,.own everything when you retire.....also he said...renting is a suckers game....the people you rent from own the stuff you're renting.

[itsthehitman]

Ps...my Italian grandpa who I loved and admired was Don corn holey.