ASX 200 dumps on nasty CPI print, 2024 rate cuts now impossible, but is a hike back on table?

LiveWire04-24

The S&P/ASX 200 closed 0.5 points lower, down 0.01%. Today's March quarter Consumer Price Index (CPI) data dominated proceedings. There's no way of sugar coating it, and if you did, it would probably ...

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There's no way of sugar coating it, and if you did, it would probably ...</p>\n\n<a href=\"https://www.livewiremarkets.com/wires/asx-200-dumps-on-nasty-cpi-print-2024-rate-cuts-now-impossible-but-is-a-hike-back-on-table\">Source Link</a>\n\n</div>\n","source":"livewire_stock","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>ASX 200 dumps on nasty CPI print, 2024 rate cuts now impossible, but is a hike back on table?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nASX 200 dumps on nasty CPI print, 2024 rate cuts now impossible, but is a hike back on table?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-04-24 15:43 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.livewiremarkets.com/wires/asx-200-dumps-on-nasty-cpi-print-2024-rate-cuts-now-impossible-but-is-a-hike-back-on-table><strong>LiveWire</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The S&P/ASX 200 closed 0.5 points lower, down 0.01%.\nToday's March quarter Consumer Price Index (CPI) data dominated proceedings. There's no way of sugar coating it, and if you did, it would probably ...</p>\n\n<a href=\"https://www.livewiremarkets.com/wires/asx-200-dumps-on-nasty-cpi-print-2024-rate-cuts-now-impossible-but-is-a-hike-back-on-table\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"CPI","symbol_name":"IQ Real Return ETF","start_time":0,"source_url":"https://www.livewiremarkets.com/wires/asx-200-dumps-on-nasty-cpi-print-2024-rate-cuts-now-impossible-but-is-a-hike-back-on-table","article_id":"2429485567","we_media_id":null,"thumbnails":[],"rights":{"source":"livewire_stock","url":"https://www.livewiremarkets.com/wires/asx-200-dumps-on-nasty-cpi-print-2024-rate-cuts-now-impossible-but-is-a-hike-back-on-table","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2429485567","pubTimestamp":1713944605,"sourceInfo":{"source_id":"livewire_stock","name":"Livewire Markets"},"weMediaInfo":null,"summary":"The S&P/ASX 200 closed 0.5 points lower, down 0.01%.Today's March quarter Consumer Price Index  data dominated proceedings. There's no way of sugar coating it, and if you did, it would probably cost you about 3.6% more for the sugar coating than it did last year – a bit more than the 3.4% p.a. the market was hoping for.The release of the CPI data at 11:30am EST slashed around 0.5% off the benchmark S&P/ASX200 in just a few minutes, and as much as it tried, our market failed to recoup any of those losses by the close.There was one thing which soared today, but it's opposite of what investors want to see. Yields on Australian 2-year government bond, a benchmark for the RBA's official cash rate in the near term, spiked 0.12% and closed above 4.4% for the fist time since early December last year.Markets just pushed the first RBA rate cut well into 2025. On that sombre note...","collect":0,"end_time":0,"defaultTopTitle":"livewiremarkets.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"CPI":"IQ Real Return ETF"},"translate_title":"ASX 200指数因令人讨厌的CPI数据而下跌，2024年降息现在是不可能的，但加息会回到桌面上吗？","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CPI":1},"content_text":"The S&P/ASX 200 closed 0.5 points lower, down 0.01%.\nToday's March quarter Consumer Price Index (CPI) data dominated proceedings. There's no way of sugar coating it, and if you did, it would probably cost you about 3.6% more for the sugar coating than it did last year – a bit more than the 3.4% p.a. the market was hoping for.\nThe release of the CPI data at 11:30am EST slashed around 0.5% off the benchmark S&P/ASX200 in just a few minutes, and as much as it tried, our market failed to recoup any of those losses by the close.\nThere was one thing which soared today, but it's opposite of what investors want to see. Yields on Australian 2-year government bond, a benchmark for the RBA's official cash rate in the near term, spiked 0.12% and closed above 4.4% for the fist time since early December last year.\nMarkets just pushed the first RBA rate cut well into 2025. On that sombre note...\nLet's dive in!\n>>Access today's full Evening Wrap from Market Index<<\n\nPlease note that as of Monday 6th May, 2024, we will no longer be posting the Evening Wrap onto the Livewire Markets website. If you would like to continue reading the Evening Wrap, we would encourage you to view this on Market Index and signup to the free daily email so you can receive it straight to your inbox.\n\n\n\nNever miss an update\n\n    Enjoy this wire? 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