Fountainheadinvesting

Fountainhead Investing

Menu
Menu

Tag: CPI

Categories
Market Outlook

July CPI Report 

CPI rises 0.2% M/M in July, as expected, core CPI increase also in line 

  •  
  • July Consumer Price Index:  
  •  
  • +0.2% M/M vs. +0.2% expected and -0.1% prior. 
  • +2.9% Y/Y vs. +3.0% expected and +0.3% prior. 
  •  
  • Core CPI, which excludes food and energy:  
  •  
  • +0.2% M/M vs. +0.2% expected and +0.1% in June. 
  • +3.2% Y/Y vs. +3.2% expected and +3.3% prior. 

The 10 Year is at 3.87%, up from 3.84, futures are flat. I suspect that after the benign PPI report yesterday, perhaps there were expectations of even lower CPI growth. 

Categories
Market Outlook

Inflation Cools: June CPI Drops, Core Rate Eases to 3.3% Year-over-Year

CPI continues to cool in June, with core Y/Y rate easing to +3.3%

  • June Consumer Price Index: -0.1% M/M vs. +0.1% expected and 0.0% in May.
  • +3.0% Y/Y vs. +3.1% expected and +3.3% prior.
  • Core CPI (excludes food and energy): +0.1% M/M vs. +0.2% expected and +0.2% prior.
  • +3.3% Y/Y vs. 3.5% expected and +3.4% prior.

The 10-year yield has dropped to 4.27% and S&P 500 futures are up 0.3%.

Categories
Market Outlook

Title: PCE for May 2024

Headline, core PCE inflation ease in May, as expected

Headline – May PCE Price Index: +0.0% M/M vs. +0.0% consensus and +0.3% in April.

+2.6% Y/Y vs. +2.6% expected and +2.7% prior.

Core – PCE Price Index: +0.1% vs. +0.1% expected and +0.3% prior (revised from +0.2%).

+2.6% Y/Y vs. +2.6% expected and +2.8% prior.

10-year treasury yield lower at 4.276%

S&P 500 Futures up 0.4%

Breadth in the market was better the past few days, hopefully with these inflation numbers the broader rally should continue.

Categories
Market Outlook

May’s CPI cools more than expected, with core CPI rising 3.4% Y/Y

  • May Consumer Price Index: 0.0% vs. +0.1% expected and +0.3% in April.
  • +3.3% Y/Y vs. +3.4% expected and +3.4% prior.
  • Core CPI: +0.2% vs. +0.3% expected and +0.3% prior.
  • +3.4% Y/Y vs. +3.5% expected and +3.6% in April.

These are better than expected numbers and Futures are up 0.7% and the 10 year treasury is down 14 basis points to 4.3%

Categories
Market Outlook

CPI inflation stays hot in March

CPI inflation stays hot in March

  • March Consumer Price Index: +0.4% vs. +0.3% expected and +0.4% prior.
  • +3.5% Y/Y vs. +3.5% expected and +3.2% prior.
  • Core CPI: +0.4% vs. +0.3% expected and +0.4% prior.
  • +3.8% Y/Y vs. +3.7% expected and +3.8% prior.
  • That translates to a 3.8% increase over the past 12 months, topping the 3.7% increase expected and keeping the same pace as in February, the U.S. Department of Labor said.
  • Shelter and gas combined contributed over half of the overall monthly increase.
  • Treasury 10-year yields rose 10 basis points to around 4.45%, 

The S&P 500 Futures are down 1.45%