It was due to spike in energy

2022-07-14

It was due to spike in energy prices, should not increase rates and create more misery [Warning] [Bless]

U.S. Consumer Price Index Surges 9.1% in June, Hottest Rate in Over 40 Years

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

JinHan
2022-07-14
JinHan
I see this as a buying opportunity (especially blue chip counters). Think long term and you’ll be fine for sure!
FongLing
2022-07-14
FongLing
Ok

Leave a comment

{"i18n":{"language":"en_US"},"detailType":1,"isChannel":false,"data":{"magic":2,"id":9078452216,"tweetId":"9078452216","gmtCreate":1657749959035,"gmtModify":1676536053484,"author":{"id":4099055228687120,"authorId":4099055228687120,"authorIdStr":"4099055228687120","name":"xuero","avatar":"https://static.tigerbbs.com/043271093c85fc090b9b3f3a6e36cec5","vip":1,"userType":1,"introduction":"","boolIsFan":false,"boolIsHead":false,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[],"starInvestorFlag":false},"themes":[],"images":[],"coverImages":[],"extraTitle":"","html":"<html><head></head><body><p>It was due to&nbsp;spike in energy prices, should not increase rates and create more misery&nbsp;<span>[Warning]&nbsp;</span><span>[Bless]&nbsp;</span></p></body></html>","htmlText":"<html><head></head><body><p>It was due to&nbsp;spike in energy prices, should not increase rates and create more misery&nbsp;<span>[Warning]&nbsp;</span><span>[Bless]&nbsp;</span></p></body></html>","text":"It was due to spike in energy prices, should not increase rates and create more misery [Warning] [Bless]","highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/9078452216","repostId":1193857181,"repostType":4,"repost":{"id":"1193857181","pubTimestamp":1657725838,"share":"https://www.laohu8.com/m/news/1193857181?lang=&edition=full","pubTime":"2022-07-13 23:23","market":"us","language":"en","title":"U.S. Consumer Price Index Surges 9.1% in June, Hottest Rate in Over 40 Years","url":"https://stock-news.laohu8.com/highlight/detail?id=1193857181","media":"Seeking Alpha","summary":"June Consumer PriceIndex:+1.3%vs.+1.1% consensus and +1.0% prior.The energy index rose 7.5% M/M, con","content":"<html><head></head><body><p>June Consumer PriceIndex:<b>+1.3%</b>vs.+1.1% consensus and +1.0% prior.</p><p>The energy index rose 7.5% M/M, contributing almost half of the all-items increase; the gasoline index jumped 11.2%. The food index increased 1.0% in June.</p><p>Y/Y, CPI<b>+9.1%</b>vs. 8.8% consensus and +8.6% prior.</p><p>The numbers reflect broad-based increase in inflation, with gasoline, shelter, and food being the largest contributors.</p><p>The Y/Y jump reflects the biggest gain since November 1981, commented Bankrate Senior Economic analyst Mark Hamrick. &#34;The offenders again were all too familiar to consumers, those being gasoline, food, and shelter.&#34;</p><p>Charles Schwab economist Liz Ann Sonderspoints out that owners&#39; equivalent rent continued to climb with a 5.5% annual increase, its strongest since September 1990.</p><p>Core CPI:<b>+0.7%</b>vs. +0.5% consensus and +0.6% prior.</p><p>Y/Y, core CPI:<b>+5.9%</b>vs. +5.8% consensus and +6.0% prior.</p><p>The stronger-than-expected numbers keep the pressure on the Federal Reserve to get inflation under control. Some traders are now expecting a 100 basis point rate increase at the central bank&#39;s July meeting. The CME Fed Watch tool puts a 33.2% probability on the one full percentage point hike and a 66.8% probability on a 75-bp increase.</p><p>&#34;With the hot month-over-month and year-over-year numbers coming in as they have, this tells the Federal Reserve it has more work to do with higher interest rates to eventually achieve its mandate of stable prices, or lower inflation, in this case. Look for another rate increase of as much as 75 basis points at the FOMC meeting at the end of this month,&#34; said Bankrate&#39;s Hamrick.</p><p>In the core CPI&#39;s month-over-month increase, the biggest contributors were shelter, used cars and trucks, medical care, motor vehicle insurance, and new vehicles.</p><p>Only a few major component indexes declined in June, including lodging away from home and airline fares.</p><p>The hotter-than-expected inflation print harpooned equity futures, pushing Nasdaq futures down 2.1%, S&amp;P futures-1.4%and Dow futures-1.0%. The 10-year Treasury yield jumped 6 basis points to 3.04%.</p></body></html>","collect":0,"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>U.S. Consumer Price Index Surges 9.1% in June, Hottest Rate in Over 40 Years</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\">\nU.S. Consumer Price Index Surges 9.1% in June, Hottest Rate in Over 40 Years\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-07-13 23:23 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/3856359-consumer-pride-index-surges-91-in-june-core-cpi-grows-59><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>June Consumer PriceIndex:+1.3%vs.+1.1% consensus and +1.0% prior.The energy index rose 7.5% M/M, contributing almost half of the all-items increase; the gasoline index jumped 11.2%. The food index ...</p>\n\n<a href=\"https://seekingalpha.com/news/3856359-consumer-pride-index-surges-91-in-june-core-cpi-grows-59\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://seekingalpha.com/news/3856359-consumer-pride-index-surges-91-in-june-core-cpi-grows-59","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1193857181","content_text":"June Consumer PriceIndex:+1.3%vs.+1.1% consensus and +1.0% prior.The energy index rose 7.5% M/M, contributing almost half of the all-items increase; the gasoline index jumped 11.2%. The food index increased 1.0% in June.Y/Y, CPI+9.1%vs. 8.8% consensus and +8.6% prior.The numbers reflect broad-based increase in inflation, with gasoline, shelter, and food being the largest contributors.The Y/Y jump reflects the biggest gain since November 1981, commented Bankrate Senior Economic analyst Mark Hamrick. \"The offenders again were all too familiar to consumers, those being gasoline, food, and shelter.\"Charles Schwab economist Liz Ann Sonderspoints out that owners' equivalent rent continued to climb with a 5.5% annual increase, its strongest since September 1990.Core CPI:+0.7%vs. +0.5% consensus and +0.6% prior.Y/Y, core CPI:+5.9%vs. +5.8% consensus and +6.0% prior.The stronger-than-expected numbers keep the pressure on the Federal Reserve to get inflation under control. Some traders are now expecting a 100 basis point rate increase at the central bank's July meeting. The CME Fed Watch tool puts a 33.2% probability on the one full percentage point hike and a 66.8% probability on a 75-bp increase.\"With the hot month-over-month and year-over-year numbers coming in as they have, this tells the Federal Reserve it has more work to do with higher interest rates to eventually achieve its mandate of stable prices, or lower inflation, in this case. Look for another rate increase of as much as 75 basis points at the FOMC meeting at the end of this month,\" said Bankrate's Hamrick.In the core CPI's month-over-month increase, the biggest contributors were shelter, used cars and trucks, medical care, motor vehicle insurance, and new vehicles.Only a few major component indexes declined in June, including lodging away from home and airline fares.The hotter-than-expected inflation print harpooned equity futures, pushing Nasdaq futures down 2.1%, S&P futures-1.4%and Dow futures-1.0%. The 10-year Treasury yield jumped 6 basis points to 3.04%.","news_type":1},"isVote":1,"tweetType":1,"viewCount":174,"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,"upFlag":false,"length":87,"xxTargetLangEnum":"ORIG"},"commentList":[{"id":102862141,"gmtCreate":1657755656104,"gmtModify":1663254235344,"authorId":3581586102966898,"author":{"id":3581586102966898,"authorId":3581586102966898,"name":"JinHan","avatar":"https://community-static.tradeup.com/news/023377e47661ee615bf8b22d4bd036e3","vip":1,"currentWearingBadge":{"badgeId":"9427a906234c4b18a82ec3d7730b7fa8-1","templateUuid":"9427a906234c4b18a82ec3d7730b7fa8","name":"Star Contributor","description":"Have published 3 or more picked posts, and have published at least one picked post and participated in comments within 30 days","bigImgUrl":"https://community-static.tradeup.com/news/1866dcf97a73be1c330f85862546aedc","smallImgUrl":"https://community-static.tradeup.com/news/4f5c5fa8e2c7683bb5a7fce8753ee456","redirectLinkEnabled":1,"redirectLink":"https://ttm.financial/activity/market/2023/star-contributors/","hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.08.26","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":2007},"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9078452216,"type":1,"supId":0,"prevId":0,"content":"I see this as a buying opportunity (especially blue chip counters). Think long term and you’ll be fine for sure!  ","text":"I see this as a buying opportunity (especially blue chip counters). Think long term and you’ll be fine for sure!  ","html":"I see this as a buying opportunity (especially blue chip counters). Think long term and you’ll be fine for sure!  ","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"valid","coins":0,"score":0},{"id":102859420,"gmtCreate":1657750020138,"gmtModify":1663254221446,"authorId":3578911332049824,"author":{"id":3578911332049824,"authorId":3578911332049824,"name":"FongLing","avatar":"https://static.tigerbbs.com/450c295f4ac0d8b1cf86a75c3a5bf721","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9078452216,"type":1,"supId":0,"prevId":0,"content":"Ok","text":"Ok","html":"Ok","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"invalid","coins":0,"score":0}],"isCommentEnd":false,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/9078452216"}