Posted on 04/10/2024 11:12:52 AM PDT by ChicagoConservative27
Economic data across multiple metrics is coming in hot, showing the strength of the U.S. economy and the persistence of inflation in the last mile of its descent down to the Federal Reserve’s target rate of 2 percent.
A March uptick in the consumer price index (CPI) to an annual 3.5-percent increase could push interest rate cuts back from their predicted start date in June. The CME FedWatch forecasting algorithm put the probability of a June cut at just 21 percent Wednesday morning.
The algorithm has higher odds for a cut than a pause at the rate’s current range of 5.25 to 5.5 percent starting in September.
“The lack of downward momentum in core inflation will be met with some discomfort within the [Fed], especially as some Fed officials are growing increasingly uneasy about cutting rates amid inflation stickiness,” wrote EY senior economist Lydia Boussour and chief economist Gregory Daco in a Wednesday analysis.
(Excerpt) Read more at thehill.com ...
“Hot US Economy” what a load of BS.
The Hill -read no further.
Hot as in used up, burnt to a cinder.
10-year bond now trading @ 4.53%. Wall St. now catching up to Main St. Those of us on the bricks know inflation running much higher than what Fed tells us. No end in sight. Gas $3.40 in the Ozarks. Normally one of low co$t areas.
Maybe they meant.. hot mess economy?
High inflation is preventing rate cuts. High inflation from President Retard and his buddies
https://www.fidelity.com/news/article/top-news/202404100617RTRSNEWSCOMBINED_KCN36D0RJ-OUSBS_1
The Communist Hill. Make it all up.
🌡️🔥🌋——🐂💨💩
That’s an awfully long mile there!
“HOT BIDEN ECONOMY” ????????
I just bought a 5 # chub of hamburger to make patties &put into the freezer.
Used to do that kind of purchase often-—also for making BIG POT of chili to put into freezer.
Used to pay $12 PAID $20 this AM.
We don’t have an economy right now we have a cash burning bon fire out of control Biden and his stooges started it.
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