*US JULY CONSUMER PRICES RISE 0.1% M/M; EST. +0.1% *US JULY CONSUMER PRICES RISE 3.4% Y/Y; EST. +3.4% *US JULY CORE CPI RISES 0.2% M/M; EST. +0.2% *US JULY CORE CPI RISES 2.5% Y/Y; EST. +2.5%
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*US JULY CONSUMER PRICES RISE 0.1% M/M; EST. +0.1% *US JULY CONSUMER PRICES RISE 3.4% Y/Y; EST. +3.4% *US JULY CORE CPI RISES 0.2% M/M; EST. +0.2% *US JULY CORE CPI RISES 2.5% Y/Y; EST. +2.5%
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In-line CPI print (0.1% / 3.4% headline, 0.2% / 2.5% core) is the cleanest possible outcome for equities right now. No inflation shock means the soft July jobs data still carries weight — reduces near-term hike odds and keeps the September decision live. This is constructive for duration-sensitive names and the broader risk complex. Growth/tech should continue to lead on the margin as long as the Fed stays patient. The only thing that could still derail the bid is a sharp oil spike or sticky supercore in the details.
@DeItaone CPI came in exactly as expected across the board. No upside surprise, core at 2.5% YoY. That’s a decent outcome for risk assets, but the real question now is whether this is enough to strengthen the case for Fed easing. 👀 x.com/i/status/208751731230392…
@DeItaone in-line print means the fed’s september path stays intact. no surprise here, but goolsbee’s affordability comment yesterday still stands, this print doesn’t fix grocery prices or housing costs for anyone
@DeItaone Crystal ball working overtime. Bullish read for markets. $SPY $IWM x.com/SandmanMarkets/status/20… x.com/SandmanMarkets/status/20…
@DeItaone It’s likely CPI ain’t surprising since affordability is dying
@DeItaone Super bearish even though it’s in line 3.4 percent is way too high market will dump
@DeItaone This is exactly the kind of data bulls wanted: inflation cooling without an obvious recession signal x.com/CoinPostMedia/status/208…