The @federalreserve is so stupid if they resume rate hikes in July after they pause tomorrow. Anyway you slice it, CPI is falling sharply as supply shortages from Covid dissipate and now home and food prices come down. - June YoY CPI will be ~3.2% per the Cleveland Fed. - Avg CPI 2.9% last 5 years - Avg CPI ex-Food/Energy 2.3% last 5 years @elonmusk
@garyblack00 @federalreserve Core CPI remains at 5.2% my friend. 0.4% MoM. Rate hike pause but not ending.
@garyblack00 @federalreserve What has Elon to do with it?
@garyblack00 @federalreserve Makes you wonder if we would be at risk of deflation at this rate?!
@garyblack00 @federalreserve Core will still be 5% though
@garyblack00 @federalreserve Fed WILL hike 25bps in July.
@garyblack00 @federalreserve Supply shortages from Covid now still?? All due to inefficiency/laziness of working from home.
@garyblack00 @federalreserve Do you think they are still trying to break housing?