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  • Consumer Price Index - March 2021

    From bls.gov

    The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.8 percent in April on a seasonally adjusted basis after rising 0.6 percent in March, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 4.2 percent before seasonal adjustment. This is the largest 12-month increase since a 4.9-percent increase for the period ending September 2008. The index for used cars and trucks rose 10.0 percent in April. This was the largest 1-month increase since the series began in 1953, and it accounted for over a third of the seasonally adjusted all items increase. The ... (full story)

Added at 8:35am

  • U.S. consumer prices rose 4.2% in April from a year ago, faster than expected

    From cnbc.com

    Inflation accelerated at its fastest pace in more than 12 years for April as the U.S. economic recovery kicked into gear and energy prices jumped higher, the Labor Department reported Wednesday. The Consumer Price Index, which measures a basket of goods as well as energy and housing costs, rose 4.2% from a year ago, compared to the Dow Jones estimate for a 3.6% increase. The monthly gain was 0.8%, against the expected 0.2%. Excluding volatile food and energy prices, the core CPI increased 3% from the same period in 2020 and 0.9% on a monthly basis. The respective estimates were 2.3% and 0.3%. In addition to rising ... (full story)

nice one fed
dow jones down
Isn't this supposed to bring yen a little up? hmm...I was expecting more panic))
Quoting jordanvic
nice one fed
But remember FED policy is outcome based
Quoting Banditten
{quote} But remember FED policy is outcome based

but there will be some more noise about tapering in the near future
Game over Equities
  • Post #7
  • Quote
  • Edited at 9:32am May 12, 2021 8:45am | Edited at 9:32am
Fed already said they aren't even discussing tapering in the near future and have the tools necessary to deal with inflation.

Its "transitory."

Here's the even bigger picture. If inflation is on par with what it was in 2008 does anyone remember what happened during that bubble and crisis?

The dollar got spanked.

They aren't raising rates because they can't.

Also if you think the fed didn't have these numbers before us you're delusional

Whole lot of nothing.
This is just the start for CPI. As I stated last month, the full effect will be seen in Q2 and here it is.
Wait until you see tomorrow’s reading
what will the feds do now? Tapping in the making....
Oops, hang on, sorry, we've had to revise the number down, lol. Too funny
  •  Guest
  • | IP XXX.X.169.34
Inflation means higher for gold n should be for usd too, but fed will not raise the rate so I long for gold
How come slow job growth but inflation rise too high? where do they get the money to purchase ?
Attached Image (click to enlarge)
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lets see how this works out
Welcome to Stagflation thanks to Papa Jerome!
Canada want her currency in the moon
  • Post #16
  • Quote
  • Edited at 11:05am May 12, 2021 10:53am | Edited at 11:05am


This could make for an interesting 10y auction today.
Quoting Donfeb
{image}lets see how this works out
1.4195 severe resistance!!
Gold did not respond to these numbers and fell - Bond yields are now also falling after the 10 year auction.
Inflation?
Not for long.
SHORT GOLD
STRONG USD
people are fickle
Quoting wiguha
How come slow job growth but inflation rise too high? where do they get the money to purchase ?
4 trillion in handouts, especially when they get paid more than minimum wage for doing nothing
This is a all smoke and mirrors report to scare the markets
  •  Guest
  • | IP XX.XXX.42.124
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    US Core Consumer Prices Explode Higher At Fastest Pace Since 1981

    From zerohedge.com|May 12, 2021

    After March's blowout 0.6% MoM surge in headline CPI, analysts expected a modest slowdown MoM, but surge YoY due to the base-effect comps from April 2020's collapse. However, it ...

    Construction and education recovery to be followed by retail and hospitality

    From niesr.ac.uk|May 12, 2021

    First quarter GDP growth of 1.5 per cent was in line with our April Tracker forecast. Today’s ONS data reported month-on-month growth of 2.1 per cent in March, reflecting the ...

    Clarida: U.S. Economic Outlook and Monetary Policy

    From federalreserve.gov|May 12, 2021|9 comments

    It is my pleasure to meet virtually with you today at the National Association for Business Economics International Symposium: A Vision of the Economy Post COVID.1 So much has happened since we last met in Washington in February 2020, but I am grateful that technology is allowing us to gather once again, if only virtually. I look forward, as always, to my conversation with Ellen Zentner, but first, please allow me to offer a few remarks on the economic outlook, Federal Reserve monetary policy, and our new monetary policy framework. In February 2020, none of us could have imagined that in a few short weeks the COVID-19 pandemic and the mitigation efforts put in place to contain it would deliver the most severe blow to the U.S. economy since the Great Depression. Gross domestic product (GDP) collapsed by more 30 percent at an annual rate in the second quarter of 2020; more than 22 million jobs were lost, wiping out a decade of employment gains; the unemployment rate rose from a 50-year low of 3.5 percent in February to almost 15 percent in April; and inflation plummeted in response to a collapse in aggregate demand that dwarfed the contraction in aggregate supply. tweet at 9:03am: Fed's Clarida: Likely To Take Some Time For ‘Substantial Further Progress’ To Be Achieved Committed To Using Full Range Of Tools To Support Economy For As Long As It Takes Expect US Recovery To Pick Up Steam This Year tweet at 9:02am: Fed's Clarida: Near-Term Labour Market Outlook More Uncertain Than Economic Outlook Economy Remains A Long Way From Our Goals tweet at 9:00am: CLARIDA SEES INFLATION RISING ABOVE 2% DUE TRANSITORY FACTORS... tweet at 9:03am: Fed's Clarida: True Unemployment Adjusted For Participation Is 8.9% Implications Of Labour Supply/Demand Rebalancing

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