re: Whats the best guess on the CPI in the morning?

Whoa way higher than expected

Y’all are missing the picture. The Fed can’t control energy prices with interest rates. They are focused on Core CPI bc of this,( which did show a slow down) albeit not as much as it should have. September is definitely on the table but to think anything more than .50 bps is insane.

Yeah, interest rate hikes isn’t going to address the energy costs.
Energy is a major component of the current inflation

Until fuel prices get to a more normal level, we’re going to feel the pain across the board

Biden admin has put up road blocks to cut supply. They could change all of this in short order with a more cooperative attitude toward energy production.

Biden admin was prepping the nation for a bad report this week. They knew the numbers were bad and were trying to soften the blow. Not sure why anyone would have expected CPI to be lower after that

2 things.

One Cramer is an idiot and does and says anything for ratings. He said we had reached capitulation almost 2 months ago.

2 The administration is a collection of idiots. First with the comment that inflation is transitory after his stupid executive orders targeted energy. To continue they blame other countries and anything else for the current inflation meaning these idiots have no plan to reverse this other than Powell acting on his own with basically one tool in his box and that is rate hikes. Which will cause spending to halt. Not good for investors as this will reduce growth and potential to tank the market

So what does this mean for I bonds?

Why does core CPI exclude food and energy? That seems arbitrary and not telling the full picture.

Nice day for me, including yesterday afternoon after purchase.
Damn! Market down 700+

quote:

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interest rate hikes isn’t going to address the energy costs.
Energy is a major component of the current inflation

Until fuel prices get to a more normal level, we’re going to feel the pain across the board

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This is the correct answer. Unfortunately there's no end in sight for energy prices receding. Inflation will continue to remain high for the foreseeable future and interest rate hikes won't be the magic wand many think they will be. I doubt we see 75 point hikes, and 100 point hikes is a major LOL

Anyone not prepared for longer term inflation is kidding themselves at this point.

Y'all need to quit hanging on to every 'expert' guessing at interest rates.

If they do, this will drag out FOREVER.

They need to raise a 100 pts, in June and probably another 75 in July and then sit and wait to see if it was enough.