The Inflation Report that Warsh Was Dreaming About | Metals Mine

  • The Inflation Report that Warsh Was Dreaming About

    From scotiabank.com

    This was the inflation report that Chair Warsh was dreaming about. Soft underlying inflation and details motivated a slightly lower US 2-year Treasury yield. Markets may be holding back in their reaction perhaps because escalating tensions in the Middle East are overshadowing data with conflict and supply chain challenges likely to persist. Core CPI inflation at 0.21% m/m SA climbed down from a gain of about double that the prior month, indicating little to no sustained pass through of the energy shock into underlying inflation. Chart 1 shows the annualized m/m changes. Breadth improved ever-so-slightly with a touch ... (full story)

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Mitiblotch
3 hr ago
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Yeah, because you live with Mr. Warsh and he tells you all his dreams.
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Vancarbon
3 hr ago
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In fairness it was a good report ( all things considered ) , how long it stays this way is anyones guess ; however for now it’s no change on the rates front . All eyes are focused on the potential for escalation .

I foresee a backdown from Iran within a few days .
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TSW
3 hr ago
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Lol... Usd is Higher for Longer currently... Still bullish
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notnovice
2 hr 26 min ago
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Whatever the cpi readings --all these have transient impact--in short term USD may be declining
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Trader#CDAA
2 hr 13 min ago
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The inflation is at 4.2%. This is very high! It does not matter whether it is transient or not. Inflation is present.
Warsh should be raising interest rate next week. If he does not, then we know for sure he is Trump puppet, and can safely say good bye to the Fed independence.
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