April’s Consumer Price Index (CPI) data was released on Wednesday, falling in line with expectations with a 3.4% year-over-year rise. Core CPI also matched estimates year over year, signaling inflation’s potential easing.
EY Chief Economist Gregory Daco and Academy Securities Head of Macro Strategy Peter Tchir join The Morning Brief to discuss the CPI data and the impact it may have on the overall market.
Daco suggests that a disinflation trend is picking up: “I think this recent retail sales report, while not alarming, does show that consumers are exercising a little bit more scrutiny. That’s generally disinflationary. I think that disinflation momentum will continue or probably hit an inflation plateau over the summer and into the fall, but nonetheless, the underlying disinflationary forces are still very much in play.”
Tchir claims that this report may signal the economy’s entrance into “stagflation” territory: “The only last wrench to throw into this whole equation is you are starting to see some commodity inflation. Everyone’s talking about copper (HG=F) and things like that. Do you start running into this risk of stagflation? It’s not my base case. And I would have completely dismissed it about a month ago. I don’t think we can dismiss it anymore, especially after we added some new tariffs yesterday. ”
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Clearly stagflation. A recession isn’t allowed in Biden’s reelection year.
So lately in the last few months I am noticing the word “prints” a lot. Buzz word
GOP loves printing $$$$$
Bonds are going down. Bonds down Market up that shows the economy is starting to right it self. People need to take a vacation due to the strong dollar against the EU. Stay alive till December 2025😅
I’m actually thinking about vacationing in Japan, with the current exchange rate of 1:150, it’s a real bargain.
@@xiphoid2011
The Japanese are mad on social media. They are not happy with all the drunk American tourists as of late acting crazy
👏🏿👏🏿👏🏿👏🏿👏🏿👏🏿👏🏿👏🏿👏🏿
.1 % ? that is less than the margin of error lol
The lie isn’t more powerful than the truth. NEO CONS, political hacks who propagandist that promote their agenda. Will tell us it cool in a 100 degree day, if that’s what the script calls for. Everyone in Washington DC and those directly associated with Washington DC have one major qualification. They must be willing to sell their souls for advantage, titles, influence, or in pursuit of career. Inflation is extremely high when Hamburger cost 4-5 dollars a pound the price we paid for premium steak, before Joe Biden fiasco. Inflation is high when gas is above 3 dollars a gallon. Inflation is high when a average pick up truck cost nearly 100.000 dollars. Inflation is high when match box houses they sell us cost over 250.000 dollar’s. Maybe they forgotten what the term inflation means.
Linearized Growth 💹.
Dude what are you talking about. Unless we go pack to pre 2020 prices, then we’re still in an inflationary period. Quit ignoring the problem 🤦🏻♂️🤦🏻♂️🤦🏻♂️🤦🏻♂️