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progree

(10,930 posts)

14. The inflation reading that came with the report was a hotter than expected 3.7%

Reply to Yavin4 (Reply #10)

Thu Apr 25, 2024, 07:10 PM

Apr 25

Bloomberg:

A closely watched measure of underlying inflation advanced at a greater-than-expected 3.7% clip, the first quarterly acceleration in a year, the Bureau of Economic Analysis report showed Thursday.

from Reply #3 above.

So that puts some degree of pessimism on rate cut hopes. I don't know if that affected the market to any noticable degree since its buried in stories about the report ...

The official PCE inflation report comes out tomorrow, so we'll see. It's the Fed's favorite inflation report (particularly the core PCE). That's one that gets a lot of attention.

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Highlight:

U.S. economy grew at 1.6 percent annual rate in first quarter 2024, a sharp slowdown [View all] mahatmakanejeeves Apr 25 OP

BREAKING: Economy grew at 1.6% annualized rate in first quarter as consumer spending slowed - Washington Post Traurigkeit Apr 25 #1

Thanks. Will use that. NT mahatmakanejeeves Apr 25 #2

From Bloomberg BumRushDaShow Apr 25 #3

Yeah, CNBC was sort of goofy this morning. mahatmakanejeeves Apr 25 #4

Every criminal should be allowed to appoint their own judges IronLionZion Apr 25 #5

Top 'o the day to you! BumRushDaShow Apr 25 #6

These GOP controlled media outputs makes any good news bad for democrats. Traurigkeit Apr 25 #8

Message auto-removed Name removed Apr 25 #7

There are 2 revisions coming: one late May, and one late June. progree Apr 25 #9

Can someone explain the markets to me? I would've thought this would've been good news for stocks. Yavin4 Apr 25 #10

The best way to put it is the market has a split personality jgmiller Apr 25 #11

No, but my guess is that this one was so far below expectations that it revived fears of a serious slowdown or recession progree Apr 25 #12

Oh and someone is always making money in the market jgmiller Apr 25 #13

The inflation reading that came with the report was a hotter than expected 3.7% progree Apr 25 #14