Quote:
Originally Posted by Azure
Inflation fell in the US, so they may ease up on ANOTHER interest rate increase, but I have zero clue beyond that.
I'd expect Canada inflation numbers to continue dropping as well.
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This view (of a pause in hiking rates right now) is pretty contrarian. I’d also point out that it depends on what you look at for the CPI print this morning. On one hand, it was down month over month. On the other it exceeded expectations on a year over year basis. The stock market isn’t everything, but futures went from ~350 up before the announcement to down about 450….only to finish the day higher by about 825 (all on the Dow). Pretty volatile, to say the least!
The initial thought with that inflation print was a hike of 0.75 in the US was all but locked in.