After the good news yesterday on the inflation front, eyes are on the next data point to see if inflation continues to recede and the #fed can change policy, and stop hiking rates. The not so good news is that precisely because June 2022 was the peak for cpi, the next few months will have a tougher comparison, and we could see a spike on cpi. As you can see in the chart below, unless cpi monthly growth stays below 0.2%, the overall index will show a YoY increase, which may give the fed enough reasons to hike twice or even more. On the core cpi front, the #shelter component is the one that can help bringing down the index and help with interanual comparisons.
Want to know more? join Fund@mental here https://apps.apple.com/us/app/fund-mental/id1495036084
#iamfundamental #soyfundamental #wealthmanagement #familyoffice #financialadvisor #financialplanning
Chart source: BoA research.
Comentários