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PR Newswire
11-04-2024, 05:08 PM
Bond market continue to be bipolar going from 6 rate cuts starting from March early this year, now to 2 rate cuts in 2H24. Mood swing to the other extreme probably wrong and Fed forecast of 3 cuts probably right with their focus more on growth than inflation per se when they raise their GDP forecast to 2.1% from 1.4% and inflation to 2.6% from 2.4%
Fed is trying to pre-empt and engineer a no landing
Forgot to update last month... inflation seems to be sticky at these levels probably for 1H24 with stronger energy prices:
Mar CPI 3.48%
Mar Core CPI 3.80%
As of 10 Apr Cleveland Fed expecting
Apr CPI 3.43%
Apr Core CPI 3.65%
Mar PCE 2.65%
Mar Core PCE 2.74%
Apr PCE 2.60%
Apr Core PCE 2.66%
Fed is trying to pre-empt and engineer a no landing
Forgot to update last month... inflation seems to be sticky at these levels probably for 1H24 with stronger energy prices:
Mar CPI 3.48%
Mar Core CPI 3.80%
As of 10 Apr Cleveland Fed expecting
Apr CPI 3.43%
Apr Core CPI 3.65%
Mar PCE 2.65%
Mar Core PCE 2.74%
Apr PCE 2.60%
Apr Core PCE 2.66%
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Think Asset-Business-Structure (ABS)
Think Asset-Business-Structure (ABS)