PremiumWhy Next Week's CPI Number Will Be A Big Miss
This article is so good
it's for premium members only.
Does that sound like you?
Already a member? Sign in.
PREMIUM
ONLY $30/MONTH
BILLED ANNUALLY OR $35 MONTHLY
All BASIC features, plus:
- Premium Articles: Dive into subscriber-only content, market analysis, and insights that keep you ahead of the game.
- Access to our Private X Account, The Market Ear analysis, and Newsquawk
- Ad-Free Experience: Enjoy an uninterrupted browsing experience.
PROFESSIONAL
ONLY $125/MONTH
BILLED ANNUALLY OR $150 MONTHLY
All PREMIUM features, plus:
- Research Catalog: Access to our constantly updated research database, via a private Dropbox account (including hedge fund letters, research reports and analyses from all the top Wall Street banks)
Just after last month's CPI print, which came in hotter than median estimates for the 5th month in a row...
... the market more or less capitulated on hopes for a near-term rate cut, and trimmed expectations for easing to just over 1 cut, some time in late 2024. But with elections coming up and the Fed - whether one wants to admit it or not - more political than ever, would Biden, who notoriously predicted the Fed will cut rates "before the year is out" by which he of course means before the election since anything after Nov 2024 only benefits Trump, really allow the Fed and the various propaganda departments to keep rates as high as they are and crush consumer sentiment ahead of the critical November election?