The Inflation Report that Warsh Was Dreaming About | Crypto Craft

  • The Inflation Report that Warsh Was Dreaming About

    From scotiabank.com

    This was the inflation report that Chair Warsh was dreaming about. Soft underlying inflation and details motivated a slightly lower US 2-year Treasury yield. Markets may be holding back in their reaction perhaps because escalating tensions in the Middle East are overshadowing data with conflict and supply chain challenges likely to persist. Core CPI inflation at 0.21% m/m SA climbed down from a gain of about double that the prior month, indicating little to no sustained pass through of the energy shock into underlying inflation. Chart 1 shows the annualized m/m changes. Breadth improved ever-so-slightly with a touch ... (full story)

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Mitiblotch
5 hr ago
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Yeah, because you live with Mr. Warsh and he tells you all his dreams.
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Vancarbon
5 hr ago
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In fairness it was a good report ( all things considered ) , how long it stays this way is anyones guess ; however for now it’s no change on the rates front . All eyes are focused on the potential for escalation .

I foresee a backdown from Iran within a few days .
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Trader#0B50
1 hr 50 min ago
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Good report? Are you stupid?
The Balance Metric (13.12%): Out of the total record $1.25+ trillion in U.S. credit card debt, roughly 13.12% of those dollars have not received a payment in over 90 days. This is at a 15-year high.
The Account Metric (< 1%): Data compiled by the Federal Reserve Bank of Philadelphia shows that the actual percentage of individual accounts that are 90+ days delinquent has held steady at just under 1% for the past two years.
What this tells us: The vast majority of credit card users are paying their bills on time. However, a very small group of consumers are deeply overextended with very high, maxed-out balances that they cannot afford to repay, heavily skewing the dollar-based headline figure upward.
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TSW
5 hr ago
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Lol... Usd is Higher for Longer currently... Still bullish
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notnovice
4 hr ago
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Whatever the cpi readings --all these have transient impact--in short term USD may be declining
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Trader#CDAA
4 hr ago
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The inflation is at 4.2%. This is very high! It does not matter whether it is transient or not. Inflation is present.
Warsh should be raising interest rate next week. If he does not, then we know for sure he is Trump puppet, and can safely say good bye to the Fed independence.
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