Core inflation is back on the rise, and this is a trend we can’t ignore. With economic growth forecasts slipping, this kind of data paints a bleak picture for what’s to come. This isn’t a simple uptick; it’s a warning signal. We’re looking at the possibility of stagflation becoming a serious concern by 2025. Rising inflation with stagnating growth is the classic recipe for economic misery, and it’s starting to simmer right under the surface.
BREAKING: February PCE inflation, the Fed's preferred inflation measure, was 2.5%, in-line with expectations of 2.5%.
Core PCE inflation RISES to 2.8%, above expectations of 2.7%.
January Core PCE inflation was also revised up to 2.7%.
Core inflation is back on the rise.
— The Kobeissi Letter (@KobeissiLetter) March 28, 2025
Magnificent 7 ➡️ Miserable 7
A classic textbook breach, backtest, and resumption depicted.
Beautiful to watch.
Bull market is over; few understand this. pic.twitter.com/dBpvj4xyFn
— The Great Martis (@great_martis) March 27, 2025
And now you know why I was peak bearish entering November 2023.
The Fed bullshitted us by getting the market to think 6 interest rate cuts were coming.
That game is over.
Nothing will stop the credit event. https://t.co/vi3OnPHPY1
— Michael A. Gayed, CFA (@leadlagreport) March 28, 2025
How can the Fed do anything but hold rates steady with the data showing no progress on inflation?
If anything coming in slightly hotter.
And this is BEFORE tariffs.
— QE Infinity (@StealthQE4) March 28, 2025
So with core inflation in March coming in at .4% we are now running at over 4% in Core inflation annualized.
— QE Infinity (@StealthQE4) March 28, 2025
They will crash stocks to save bonds.
Few.
— Michael A. Gayed, CFA (@leadlagreport) March 28, 2025
Gold hit another record high, above $3,080. Meanwhile, millions of young Americans are allowing this train to pass them by as they fixate on Bitcoin instead. By the time gold hits $5K, they'll likely ride Bitcoin down to $10K, a 95% decline from its 2021 peak priced in gold.
— Peter Schiff (@PeterSchiff) March 28, 2025