In this month's CPI Report from the Inflation Guy, he points out that a report that is broadly strong, with some negative outliers, does not have the same implications as one that is broadly weak, with some negative outliers. The market was expecting the latter, but got the former. That inflation target of 2% is not looking any closer today.
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Therapy Gecko
An unlicensed lizard psychologist travels the universe talking to strangers about absolutely nothing. TO CALL THE GECKO: follow me on https://www.twitch.tv/lyleforever to get a notification for when I am taking calls. I am usually live Mondays, Wednesdays, and Fridays but lately a lot of other times too. I am a gecko.