June CPI: Fed Should Cut in July
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Yimin Xu, July 11 2024 (post-market close)
June CPI made a fool of the latest Dot Plot
The big headline this week was the surprising slowdown inflation is having, that made the Fed’s latest set of Dot Plot look pretty foolish.
Both the Headline CPI and Core CPI (i.e. CPI excluding food and energy) came in lower than expected.
We will dive into the details of this report, its potential impact on the monetary policy, and the post-CPI market reaction.
A quick announcement:
I am very excited to share that I will be launching my own channel on Cestrian in August! Please see the details at the end of this article.