Americans face surging costs in the following (Month over month 📈):
• Gas 3.4%
• Energy 2.3%
•Housing. 0.5%
•Insurance 0.4%
•Recreation 0.5%Link: t.co/Ael0NvdmXV t.co/qu3c4ZHFlZ
— The Coastal Journal (@1CoastalJournal) March 29, 2024
The latest inflation data paints a worrying picture for the US economy, with core PCE rising by 0.3% and nearing an annualized rate of 4%. January’s figures, already concerning, have been revised upward, exacerbating fears of inflationary pressures. This sustained increase in core PCE underscores a troubling trend of rising costs across various sectors, with gas, energy, housing, insurance, and recreation all witnessing month-over-month surges.
The surge in inflationary pressures is further evidenced by the Supercore PCE, which has escalated on both a 3 and 6-month annualized basis. Alarmingly, market indicators such as Fed Fund futures and OIS Swaps are now signaling a reduced likelihood of rate cuts this year, suggesting growing concerns about the Federal Reserve’s ability to tame inflation.
With inflationary forces showing no signs of abating and market expectations shifting towards a less accommodative monetary policy, the specter of a resurgent inflationary environment looms large, posing significant risks to economic stability and consumer purchasing power.
⚠️US Inflation;
•The core PCE 0.3%, with an est annualized rate nearing 4%📈
•January's data, was revised 📈 to a 0.5%
•Core PCE rose by 0.3% following an upwardly revised one-year high increase of 0.5% in January.📈
•This data confirms a trend of rising inflation 📈 pic.twitter.com/Gv7kChyw3Q
— The Coastal Journal (@1CoastalJournal) March 29, 2024
Supercore PCE up on a 3 and 6-month annualized basis. pic.twitter.com/Z3gQQ3lflD
— Michael J. Kramer (@MichaelMOTTCM) March 29, 2024
Fed FUnd futures now pricing in fewer than 3 rate cuts this year. OIS Swaps too pic.twitter.com/GHFa2QM9u3
— Michael J. Kramer (@MichaelMOTTCM) March 29, 2024
Yikes, The Fed's preferred inflation gauge Core PCE jumped well above the 2% target.
The most watched by the Fed 3-month and 6-month annualized rates increased to 3.5% and 2.9%, respectively in February
Sticky, sticky. Are the rate cuts really coming?t.co/mVL0Ze91JG
— Global Markets Investor (@GlobalMktObserv) March 29, 2024
Is Gold a crystal 🔮 ball? pic.twitter.com/ptZuIf6fcx
— Win Smart, CFA (@WinfieldSmart) March 21, 2024
Rubino: How Inflation Hurts Our Kids, In 5 Charts
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