CPI just dropped and it's exactly what we needed
Headline YoY: 3.4% (down from 3.5%)
Core YoY: 2.5% (down from 2.6%)
Both numbers cooling off as expected. No surprises, just confirmation that inflation's actually chilling out.
Zero chance Warsh hikes rates into this. You don't tighten when the data's already moving your direction. That'd be fighting a battle you're already winning.
Markets love predictability when it's good news. This is bullish AF for risk assets.
Headline YoY: 3.4% (down from 3.5%)
Core YoY: 2.5% (down from 2.6%)
Both numbers cooling off as expected. No surprises, just confirmation that inflation's actually chilling out.
Zero chance Warsh hikes rates into this. You don't tighten when the data's already moving your direction. That'd be fighting a battle you're already winning.
Markets love predictability when it's good news. This is bullish AF for risk assets.