US Stocks Surge as Powell Speaks
USA Index:
January Monthly data shows inflation is running at 2.7% 3-month annualised. Looking ahead, March and April 2023 were bad months, meaning March / April 2024 data should show inflation decelerating through these months.
Inflation excluding volatile items, is looking really good, and is running at 1.3% 3-month annualised. Interestingly, February and March 2023 were bad months, so February / March 2024 data should show inflation decelerating through these months.
This gives room for the RBA to cut in the coming months....We are in an environment of falling inflation and positive growth - goldilocks.....Positive for equities (and $BTC).
Some charts:
CPI - Showing disinflation trend
"core" CPI -
The G20 below:
Australia sits at 4.35% M. Bullock prancers around (name -say)
Japan loves the lower for -ever /longer theory at -0.1%
Australia Holds Cash Rate at 4.35%The Reserve Bank of Australia maintained its cash rates at 4.35% during its final meeting of the year, as widely expected. Tuesday's move was in line with market expectations, allowing the central bank under the leadership of Governor Michele Bullock to assess the impact of previous rate hikes. Bullock last month cautioned that inflation was increasingly driven by excessive demand at home rather than supply shocks from abroad. The board said it was aware that progress in bringing inflation back to the goal of 2 to 3% was slower than earlier forecast, with underlying inflation higher than expected amid rising services costs. Policymakers reiterated that whether further tightening is needed will depend upon the data and the assessment of risks. The committee added that it will closely monitor the global economy, trends in domestic demand, and the outlook for inflation and the labor market. The central bank also kept unchanged the interest rate on Exchange Settlement balances at 4.25%. less
Keep away from Salons get the hair high-lights done every 2nd month. The nails may have to suffer ..maybe paint-up every 2nd nail!!!
Put the dates in your Apples & Androids:
copy paste from here:
2024 FOMC Meetings
(Disclaimer Check info ... Got dates from the respective Agencies)
Oh will Veges get cheaper from here on?