Nail in the coffin for 2023 rate cut hopes in light of January inflation report

2 years ago

Quick Take

  • The alteration successful expectations from the marketplace of the aboriginal fed argumentation during February has been significant. The fed funds complaint is expected to highest supra 5.25% successful the year’s 2nd fractional — with a slim to nary accidental of complaint cuts this year.
  • The six-month treasury measure is yielding much than 5% for the archetypal clip since the GFC.
  • Retail income jumped the astir since covid owed to the instauration of stimulus checks, according to the January ostentation report.
  • In addition, the January ostentation study showed the gait of declines successful bully prices is slowing; structure ostentation has yet to beryllium factored successful arsenic rent increases inactive amusement affirmative upwards momentum.
  • This is followed by a 2nd consecutive monthly summation of .4% successful the halfway index.
 CME and Bloomberg)Fed Fund Rate: (Source: CME and Bloomberg)
 Trading View)US 06MY: (Source: Trading View)
 BLS)Core CPI: (Source: BLS)

The station Nail successful the coffin for 2023 complaint chopped hopes successful airy of January ostentation report appeared archetypal connected CryptoSlate.

View source