March CPI Inflation data is le

Samlunch

2024-04-10

March CPI Inflation data is less than 12 hours away:

Inflation has officially been above the Fed's 2% inflation target for 36 straight months.

March CPI inflation is expected to be 3.4%, marking a second straight monthly increase in inflation.

Inflation has not jumped for 2 straight months since September 2023.

Meanwhile, Core CPI inflation is still nearly DOUBLE the Fed's long term target.

A CPI hot inflation report would effectively remove any possibility of rate cuts before Q3 2024.

The "Fed pivot" has quickly disappeared.

CPI 3.5%! Expect 2 or 3 Rate Cuts in 2024?

March headline CPI is 3.5%, higher than estimates of 3.4% and also the highest since September 2023. Core CPI is 3.8%, higher than estimates of 3.7%. Goldman Sachs expects only two rate cuts this year, with the first in July and the second in November. ------------- How do you expect rate cut in 2024? Will S&P start to pullback after hot inflation data? What's your target?

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