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The preliminary August sentiment index fell to 58.6 from 61.7 a month earlier, according to data from the University of Michigan released Friday.
Consumers expect prices to rise at an annual rate of 4.9% over the next year, wiping out the prior month’s improvement. They saw costs rising at an annual rate of 3.9% over the next five to 10 years.
Both the sentiment index and the inflation gauges were worse than economists had anticipated....
NO RATE CUTS, NOT in September?
I think it’ll depend more on whether the housing market holds steady.
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So, you think Powell will be looking at Housing market alone when all other constraints suggesting inflation picking up.
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No, not alone but declining home values are a bigger deal than anything else and they tend to be accompanied by lower price inflation.
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Let's see. We can't say which way the camel sits with egos from both sides showing signs of a clash...
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