Friday, July 15, 2016

CPI didn't scream inflation

Today’s CPI report did not scream inflation so I view it as market neutral.

I think market sentiment as it currently stands would not like a rate hike.  In the big picture, a booming economy, inflation, and rate hikes are simultaneous along with a rising stock market.

But I don't think the economy and markets are in that frothy phase.

But it is clear to me that the Fed’s inflation objective has been met:

{click to enlarge}

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