Could we say inflation has peaked as Fed's hikes have blunted it? It looks like consumers now spend carefully not like a few months ago, so demand for goods will reduce like Fed has expected. One scenario is after 2-3 times of 50 basis points hikes, there will be 25 points one the table if inflation slows like in April. As matter of fact, even today demand for service like travelling and some goods like EVs is still strong, as shows strength of economy.
It unlikely Fed will conduct Volcker style approach in 1970s although they have to be hawkish now than January. Inflation: back to the 1970s? - Wealth management - Schroders
Could we say inflation has peaked as Fed's hikes have blunted...
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Last
$6.56 |
Change
0.090(1.39%) |
Mkt cap ! $6.131B | |||
| Open | High | Low | Value | Volume |
| $6.53 | $6.58 | $6.51 | $14.95M | 2.285M |
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| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
$6.55 |
Change
0.090 ( 1.39 %) |
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| Open | High | Low | Volume | ||
| $6.53 | $6.58 | $6.51 | 732559 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
| LYC (ASX) Chart |