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VisualMod t1_j1qnwyk wrote

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VisualMod t1_j1qnxg2 wrote

>I agree, if we see a continuation of last month's CPI levels, I think we will see a pivot in June or July.

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downboat t1_j1qqv9i wrote

Pívot meaning no more rate hikes, right?

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justaddedmorehops t1_j1qsspd wrote

Wsb really loves to extrapolate one month of results into a trend, huh?

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kylestoned t1_j1qxvuc wrote

Ahh yes... using CPI to determine when the Fed will pivot, when the Fed themselves isn't using CPI. Brilliant.

If you watch his press conferences, he said that they have already forecast significant declines in inflation, and that just gave them confidence, and didn't change anything.

He has consistently made one thing clear, he is going after jobs, and getting the labor market back into balance.

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agilmore1080 t1_j1r5sns wrote

Not happening. The Fed is fucking pissed because the market no longer believes them and ignores their projections. The Fed isnt cutting until 2024 because they don't want to repeat the 70s Fed mistakes and allow inflation to come roaring back. They won't cut unless there is a massive recession or we hit their target inflation rate of 2%.

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agilmore1080 t1_j1r7h1f wrote

Replying to [deleted] (#1,077,745)

I'm not going to be one of the guys on here who says CPI is meaningless because it's not but Core PCE inflation is what the Fed looks at a lot more and it has been much stickier and will be a lot harder to get back to 2%.

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