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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
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.
"A true speculator tries the market small." - Jesse Livermore
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
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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


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
Good Vibes - In charts we trust
Pulchra All Time Return: -88.4%
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
Good Vibes - In charts we trust
Pulchra All Time Return: -88.4%
This is a all smoke and mirrors report to scare the markets
Learn, a forex trader must, unlearn and relearn he will.
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