War against inflation
The Federal Reserve is now expecting inflation to fall to 2.4% next year, which is down from what was forecasted in Sep this year, at 2.5%.
We had a pause in rate hike for 3 consecutive meetings.
Powell was just short of declaring victory for the fight against inflation
We had a pause in rate hike for 3 consecutive meetings.
Powell was just short of declaring victory for the fight against inflation
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Gilley : and let me guess all prices for food housing cars will still be going up still like they've been
OceansWave : So far what is going down is the oil prices… it was the main factor that brought down the data.. so on the overall I doubt the core inflation pieces have been brought down.
Cow Moo-ney OP OceansWave : The core CPI, which excludes the volatile food and energy prices, increased 0.3% from last month and 4% from last year. But was expected by the market
thetime_1998 : It would be nice if the rate fell. it looks like I will be buying more CALLs than PUTs.