April CPI cooling, Bond yields too
The news came in this afternoon and the stock market reacted immediately: April CPI came in as expected showing a further cooling down on an annual base. Inflation rate is 3.4% in the US so most investors expect that interest rates won’t be hiked again. In contrary the likelihood of rate cuts is increasing again since the economy is showing more and more weakness with retail sales flat.
The S&P is only a few points away from its ATH and we will probably see a new one today, with a rise above the 5279 points we reached in March. The bond yields are declining with expected rate cuts this year.
So good news guys: rate cuts and lower bond yields are making stocks more attractive and easier it gets for growth companies to finance themselves.
Also Bitcoin and the crypto market reacted positively on the news today which is good to see.
My guess is still that the Fed will do a first cut in September to stimulate. It’s election year and nobody wants a weak economy.
Wow inflation all the way to 3.4%.. you're right on that bruv, it's election year so it's definitely going to look good 😂😂😂 I don't know if the party in power thinks people forget... Well Hope everything goes well for you buddy
We’ll see but I am sure everyone is interested in the economy staying up. If stocks crash this would fall back on Biden and would help his contenders.
Yes absolutely... I'm not a Biden or Donald fan, just a make America great fan😁
Even nobody wants to loose in Crypto market... ;
Yes, in crypto the expectations of returns are even higher. 🙌🏻😅
In both gaining and loosing.. !LUV
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That’s some cool pump!