- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
CPI comes in hotter than expected, S&P 500 down 1%
Posted on 2/13/24 at 7:55 am
Posted on 2/13/24 at 7:55 am
LINK
10y treasury up to 4.27%, 2y up to 4.6%. Stocks down approximately 1%.
The 5+ rate cuts narrative from the fall has basically lost all of its momentum.
quote:
The consumer price index, a broad-based measure of the prices shoppers face for goods and services across the economy, increased 0.3% for the month, the Bureau of Labor Statistics reported. On a 12-month basis, that came out to 3.1%.
Economists surveyed by Dow Jones had been looking for a monthly increase of 0.2% and an annual gain of 2.9%.
Excluding volatile food and energy prices, so-called core CPI accelerated 0.4% in January and was up 3.9% from a year ago. The forecast had been for 0.3% and 3.7% respectively.
10y treasury up to 4.27%, 2y up to 4.6%. Stocks down approximately 1%.
The 5+ rate cuts narrative from the fall has basically lost all of its momentum.
10
Posted on 2/13/24 at 7:59 am to slackster
Food ,paying for power, rent keep going up. Shocker!! Biden can keep saying the employment numbers are still great but until paying for electricity, rent and food start going down this will continue to be a big problem.
This post was edited on 2/13/24 at 8:04 am
Posted on 2/13/24 at 8:07 am to slackster
The 5+ rate cuts narrative from the fall has basically lost all of its momentum
____________________________
Agree.
2 or 3 .25 cuts feels likely.
____________________________
Agree.
2 or 3 .25 cuts feels likely.
Posted on 2/13/24 at 8:31 am to slackster
quote:
The 5+ rate cuts narrative from the fall has basically lost all of its momentum.
Good
Posted on 2/13/24 at 8:34 am to slackster
go look at China's market right now and you'll understand.
Posted on 2/13/24 at 8:53 am to slackster
I don't see any reason to cut rates at this point. It's not like we are at some extreme level or anything.
Posted on 2/13/24 at 10:33 am to slackster
I don’t get how the public is so deeply divided over economic news post Covid. The sky screamers seem to be doing so simply to creative a political narrative. When asked most admit they are doing quite well but just happen to lucky or super smart. The business survey reports I see in the markets I live have been great and all the earnings report I read indicates the average consumer is confident and spending money.
Posted on 2/13/24 at 11:31 am to slackster
(no message)
This post was edited on 2/13/24 at 12:07 pm
Posted on 2/13/24 at 1:09 pm to slackster
quote:I've amazed at how tethered people have been to this wishcasting for years now. On the way up, they would act us if there was some big mystery to unravel, when, in fact, Powell was just straight up saying every time exactly what he was going to do!
The 5+ rate cuts narrative from the fall has basically lost all of its momentum.
Posted on 2/13/24 at 1:49 pm to slackster
quote:
hotter than expected
Posted on 2/13/24 at 6:32 pm to slackster
quote:
The 5+ rate cuts narrative from the fall has basically lost all of its momentum.
We need 5 raises
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News