https://www.cnbc.com/2024/04/10/cpi-inflation-march-2024-consumer...

https://www.cnbc.com/2024/04/10/cpi...-3point5percent-from-a-year-ago-in-march.html


"Consumer prices rose 3.5% from a year ago in March, more than expected

The CPI, a broad measure of goods and services costs across the economy, rose 0.4% for the month, putting the 12-month inflation rate at 3.5%. Economists surveyed by Dow Jones had been looking for a 0.3% gain and a 3.4% year-over-year level.

Excluding volatile food and energy components, core CPI also accelerated 0.4% on a monthly basis while rising 3.8% from a year ago, compared to respective estimates for 0.3% and 3.7%."


Headline and Core hotter than expeced that makes 3 reports in a row now and a confirmed uptrend in inflation again. Who said rising inflation was a blip? lol. Much like the Fed said it was transitory hehehe. Rate cuts this year won't happen IMO, however, rate rises not out of the question now. Funny market was pricing in 6 to 7 rate cuts now we realistically looking at potential rate rises? Smells more and more like we going to see a "Titanic" ending to these markets. Good luck all.

P.S. Funny Fed also mentioned another possible rate rise, so what aren't they telling us?