Thread Part Two. US economic rightsizing.
RT: https://poa.st/objects/da80ed33-367b-4e75-99f8-66c8ebb06884
RT: https://poa.st/objects/da80ed33-367b-4e75-99f8-66c8ebb06884
Sept: Excluding food and energy, the core consumer price index accelerated 0.6% and 6.6%, respectively. The yearly gain for core was the highest since August 1982. Headline CPI 8.2%.
Markets betting Fed will hike 75 bps in Nov. All the central banks of economies who are absolutely on petroldollar are looking at interventions. BOJ, ECB and BOE all buying their own long term bonds at spectacular rates.
Next year is pretty cooked. I hope all you boys have a safe trip on the way down.
snap short of market rebound after a futures crash.
Markets betting Fed will hike 75 bps in Nov. All the central banks of economies who are absolutely on petroldollar are looking at interventions. BOJ, ECB and BOE all buying their own long term bonds at spectacular rates.
Next year is pretty cooked. I hope all you boys have a safe trip on the way down.
snap short of market rebound after a futures crash.
yen hitting the historical 150 rate today. BOJ intervenes despite saying they wont. Depends on how much they willing to keep dumping their USD reserves. Doesnt look like it had much of an effect despite their first intervention in Sept.
Other basket currencies also having issues.
Other basket currencies also having issues.
A large volume of narrative change today from the fed.
>US have achieved neutral rate
>rent inflation is slowing
>we need to look at data
>we will slow down rate hikes
>we cannot risk over tightening
This is no doubt due to the coming elections. People tend to vote angry if they are homeless. As of last month core cpi is still accelerating. At 6.6%, a 40 year high.
Fed didnt even shred its assets. Between the difficult choice of hyperinflating dollar or cold turkey correction. Feds have chosen the third path of prolonging the suffering as long as possible.
>US have achieved neutral rate
>rent inflation is slowing
>we need to look at data
>we will slow down rate hikes
>we cannot risk over tightening
This is no doubt due to the coming elections. People tend to vote angry if they are homeless. As of last month core cpi is still accelerating. At 6.6%, a 40 year high.
Fed didnt even shred its assets. Between the difficult choice of hyperinflating dollar or cold turkey correction. Feds have chosen the third path of prolonging the suffering as long as possible.
CPI down to below 7% yoy despite there being almost no discernable difference in spending within these few months. Some are questioning if the numbers are being massaged. Goldman sachs floating a projection that there will be a 25 bps hike by feb. First off by oct 2021, CPI has already begun accelerating. I dont believe, the feds can some how fix the economy by going back to qe.
USA core CPI YOY dec 2020: 1.6%
USA core CPI YOY dec 2021: 4.9%
USA core CPI YOY dec 2022: 6.0%
How much of GDP is inflation?
USA core CPI YOY dec 2021: 4.9%
USA core CPI YOY dec 2022: 6.0%
How much of GDP is inflation?
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@IAMAL_PHARIUS They are still saying that inflation is peaking/will go down. It will happen real soon just you wait!
Even if that is true, that still means that the price increases are permanent.
@houseoftolstoy correct, the fed target is to limit inflation back to 2% target. not inverse CPI YOY to -15%
