Core Inflation Rate Disappoints?

CNBC (https://www.cnbc.com/2024/04/09/stock-market-today-live-updates.html) "The consumer price index in March rose faster than economists had estimated, suggesting stubborn inflation and pushing back expectations for an interest rate cut by the Federal Reserve. The CPI rose 0.4% for the month and 3.5% year-over-year. Economists polled by Dow Jones had forecasted an increase of 0.3% month over month and 3.4% year on year. Core CPI, which excludes volatile food and energy prices, accelerated 0.4% from the previous month while rising 3.8% from a year ago, compared to estimates for 0.3% and 3.7%, respectively."

Focusing on CORE CPI trend over a year, it is a steady downward trend. considering that 3.8% for Feb Core CPI and it is still a 3.8% for Mar, we may be taking a breather. The consensus of Wall Street did us in by penciling in a 3.7% for Mar Core CPI. Let's hope that Fed will still go for a 3 rate cuts, 0.75% just in case something breaks.

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The CPI rose 0.4% for the month and 3.5% year-over-year. Economists polled by Dow Jones had forecasted an increase of 0.3% month over month and 3.4% year on year. Core CPI, which excludes volatile food and energy prices, accelerated 0.4% from the previous month while rising 3.8% from a year ago, compared to estimates for 0.3% and 3.7%, respectively.\"\n \n<img src=\"https://community-static.tradeup.com/news/dc6323cb1e25d7618bdb893d354eb250\" tg-width=\"200\" tg-height=\"200\"><img> \n \nFocusing on CORE CPI trend over a year, it is a steady downward trend. considering that 3.8% for Feb Core CPI and it is still a 3.8% for Mar, we may be taking a breather. The consensus of Wall Street did us in by penciling in a 3.7% for Mar Core CPI. Let's hope that Fed will still go for a 3 rate cuts, 0.75% just in case something breaks.\n \n&nbsp;</body></html>","htmlText":"<html><head></head><body>CNBC (https://www.cnbc.com/2024/04/09/stock-market-today-live-updates.html) \"The consumer price index in March rose faster than economists had estimated, suggesting stubborn inflation and pushing back expectations for an interest rate cut by the Federal Reserve. The CPI rose 0.4% for the month and 3.5% year-over-year. Economists polled by Dow Jones had forecasted an increase of 0.3% month over month and 3.4% year on year. Core CPI, which excludes volatile food and energy prices, accelerated 0.4% from the previous month while rising 3.8% from a year ago, compared to estimates for 0.3% and 3.7%, respectively.\"\n \n<img src=\"https://community-static.tradeup.com/news/dc6323cb1e25d7618bdb893d354eb250\" tg-width=\"200\" tg-height=\"200\"><img> \n \nFocusing on CORE CPI trend over a year, it is a steady downward trend. considering that 3.8% for Feb Core CPI and it is still a 3.8% for Mar, we may be taking a breather. The consensus of Wall Street did us in by penciling in a 3.7% for Mar Core CPI. Let's hope that Fed will still go for a 3 rate cuts, 0.75% just in case something breaks.\n \n&nbsp;</body></html>","text":"CNBC (https://www.cnbc.com/2024/04/09/stock-market-today-live-updates.html) \"The consumer price index in March rose faster than economists had estimated, suggesting stubborn inflation and pushing back expectations for an interest rate cut by the Federal Reserve. The CPI rose 0.4% for the month and 3.5% year-over-year. Economists polled by Dow Jones had forecasted an increase of 0.3% month over month and 3.4% year on year. Core CPI, which excludes volatile food and energy prices, accelerated 0.4% from the previous month while rising 3.8% from a year ago, compared to estimates for 0.3% and 3.7%, respectively.\" Focusing on CORE CPI trend over a year, it is a steady downward trend. considering that 3.8% for Feb Core CPI and it is still a 3.8% for Mar, we may be taking a breather. The consensus of Wall Street did us in by penciling in a 3.7% for Mar Core CPI. Let's hope that Fed will still go for a 3 rate cuts, 0.75% just in case something breaks.","highlighted":1,"essential":1,"paper":2,"likeSize":1,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/293775650619560","repostId":0,"isVote":1,"tweetType":1,"viewCount":416,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":798,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/293775650619560"}