dghl
04-11

Commodities price up, crude oil price up. surely lead to more inflation in the coming months. Expect no rate cutes this year. Possibly rate hike if Middle East / Russia situation worsens leading to sharp increase in energy prices.

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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