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But oil has dropped so much, how can inflation still exist?

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JohnTip

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14/02/24

00:45

Post #: 72392398
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Originally posted by Baron1: ↑

https://www.cnbc.com/2024/02/13/cpi...-the-annual-rate-moved-to-3point1percent.html

Consumer prices rose 0.3% in January, more than expected, as the annual rate moved to 3.1%

Bad news across the board for inflation I guess rate cuts might not be coming anytime soon then? Looks like we might be running the risk of another inflation spike but we will see, only so long they can fudge the numbers yes? Now does this mean the market needs to reprice its expectations again? So how long before we fill the gaps that were left behind on "purpose" all the way down to 4100ish on the S&P?

My guess within the next few weeks, good luck all. Just remember the market has never in history bottomed before the recession began so how low can we go this year? hehehe. Rinse and repeat rinse and repeat and thank you for playing the house wins!

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But oil has dropped so much, how can inflation still exist?

XJO Value at posting: 7,603.6
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1 Great analysis

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