Quote:
Originally Posted by The Fonz
July 2022 8.1% (peak)
August 7.6%
September 7.0%
October 6.9%
November 6.9%
December 6.8%
January 2023 6.3%
February 5.9%
March 5.2%
April 4.3%
May 4.4%
June 3.4%
July 2.8%
Aug 3.3%
Sept 4.0%
Oct 3.8%
Nov 3.1%
Dec 3.1%
Jan 2024 3.4%
Feb 2.9%
2.9% January YOY announced today. Forecast was for 3.3%.
Expectations that we'll see a rate cut in June.
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The rate cut will drive housing which will drive up pricing which will drive up inflation.
Tough call at this point, though the economy could use a small rate cut just to signal some confidence.