Date: 2023-07-12T14:47:50Z Creator: Bitfolio Academy
Inflation finally seems to be taking a breather, easing its relentless grip on our economy. The market had anticipated a quarter point interest rate hike on July 26th as they expected our relentless Fed to continue its battle against inflation. Yet, this morning, our latest CPI figures are heading in a promising direction – down! Yes, you heard it right! Inflation’s not so ‘inflated’ anymore! This promising revelation acted as a fresh gust of wind, soaring stocks higher. There’s a chance that our powerful Fed friends might consider a pause again this month.
Core CPI came in at a rather shocking 4.8%, trailing behind the anticipated 5%. That’s a significant step down from last month’s daunting 5.3%.
Without a doubt, this slowdown in inflation is a much-needed reprieve. Today, we’re celebrating good news!
Let me know in the comments. 🤔
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