Just when all zombie companies hoped that rates go down in time for them to roll debt

Just when all zombie companies hoped that rates go down in time for them to roll debt pic.twitter.com/EjdXNOAirz

— Michael A. Arouet (@MichaelAArouet) January 11, 2024

Breaking: December Inflation Comes in Hot
Inflation higher than expected and breaks trend in recent months of reduced inflation.

Breaking: US CPI Inflation Situation

– Headline CPI comes in at 3.4% vs forecast of 3.2% y/y

– Headline comes in at 0.3% vs 0.2% forecast m/m

– Core comes in at 0.3% vs 0.3% forecast m/m pic.twitter.com/Ih6cxqSE8t

— Markets & Mayhem (@Mayhem4Markets) January 11, 2024

🔴 FED'S MESTER: WE WON'T GET TO 2% TARGET THIS YEAR.

— FinancialJuice (@financialjuice) January 11, 2024

🔴 FED'S MESTER: WE ARE NOT THERE YET TO CUT RATES, I WANT MORE EVIDENCE THAT THE ECONOMY IS PROGRESSING AS EXPECTED.

— FinancialJuice (@financialjuice) January 11, 2024

🔴 FED'S MESTER: MARCH IS TOO EARLY FOR ME FOR A RATE CUT. I THINK WE NEED TO SEE MORE EVIDENCE.

— FinancialJuice (@financialjuice) January 11, 2024

Inflation Feelin’ Hot, Hot, Hot! CPI Rises To 3.4% YoY, Core Inflation Declines To 4% YoY (Is The Fed Tightening Too Much Since The Target Rate Is 150 Basis Points HIGHER Than Core Inflation Rate??)

Inflation is feelin’ hot, hot, hot!

Although core inflation declined in December (CPI all items less food and energy), it is still hot, hot, hot at 4% Year-over-year (YoY). This raises the following question: Is The Fed tightening too much? Aka, yet another Fed policy error?? Since The Fed target rate is 5.50% and core inflation is now 4%?

Headline Consumer Price Inflation printed hotter than expected in December, +0.3% MoM vs +0.2% exp and +0.1% prior, pushing the YoY headline CPI up to +3.4% (from +3.1% prior and hotter than the +3.2% exp)…