Wall Street Strategies
Hello! Sign in or Register


Afternoon Note

Glimpse of Inflation

By Charles Payne, CEO & Principal Analyst
9/14/2017 2:02 PM
Take a Free Trial
Try Charles' premium stock selection services free for 7 days. Check it out in real time! You will get actionable advice, trading ideas and email alerts.

The market is holding steady even after the release on consumer inflation came in hotter than expected.  Month to month saw headline CPI increase 0.4 versus consensus of 0.3, and core 0.2 versus 0.1.  On a year to year basis, the 1.9% change sees sequential increases for the first time since February.

There is no immediate fear of runaway inflation, but the news got Goldman Sachs to increase its odds of another rate hike in 2017 to 60% from 55%.

There is a red flag with shelter (housing), which saw the biggest monthly increase since 2005.


Comments
Waiting at car wash and over heard three different people talking about real estate apppreciation and deals. Spookie!

Larry Leonard on 9/14/2017 3:22:19 PM
 

Add Your Comment


Submitted comments are subject to moderation before posting.


Home | Products & Services | Education | In The Media | Help | About Us |
Disclaimer | Privacy Policy | Terms of Use |
All Rights Reserved.