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  • Easing US inflation stokes interest rate cut debate

    From bbc.com

    The pace of price increases in the US showed signs of slowing last month, after a streak of higher-than-expected inflation data had stoked concerns about the world's largest economy. Consumer prices rose 3.4% in the 12 months to April, down from 3.5% for the month before, the Labor Department said. Higher rents and petrol costs accounted for the majority of the increase in the cost of living. But analysts said the fall in inflation was unlikely to resolve debates about how the US central bank should set interest rates. The Federal Reserve has kept its key interest rate hovering around 5.3% since last July, hoping ... (full story)

Quoting Vancarbon
Yes just 1.57% wide of the mark from that 2% mandate , an increment of 0.3% .
What's been more alarming to me recently is whether the data is net positive or negative for USD there's been an article every time correlating how this must position the FED to cut rates.

Even when the markets have priced in multiple cuts in the start of the year and they've been found out to be wrong the market keeps chucking along higher so it's clear we've hit the disconnect stage. A more restrictive and higher interest for longer policy the markets keep chucking up and it's very reminiscent of the last leg run up in January 2008 before it came crashing down. Not saying or insinuating that it could occur but I would be lying if I said this level of uncertainty & where prices are currently has made me nervous proceeding forward.
The solution is (x).
BBC loves peddling the “it’s all ok stay calm and carry on” narrative. Idiots.
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