"supercore" services index was up 0.8% as well.<p>it looks to me like consumer inflation bottomed out in june of last year and is on a six month uptrend and we're getting a series of higher lows and higher highs in the month-to-month data.<p>i don't think we're getting any rate cuts this year.<p>be interesting to see if this keeps up and what kind of reaction wall street has if it starts to realize that more rate hikes might be on the table.<p>maybe this is just a counter-cyclical bounce in inflation and the fed can hold steady and it'll turn south again, but at some point it'll look persistent and then the fed will start talking hawkish rate hikes again.<p>this makes me much less worried about a recession in the latter half of the year impacting the presidential election, but i don't think the stock market is going to have any more room to move upwards.
<a href="https://news.ycombinator.com/item?id=39316796">https://news.ycombinator.com/item?id=39316796</a><p>Right after a supposedly low inflation December. It’s hard to trust the numbers with all the revisals. -0.1 to +0.1 after x<p>I got a ton of “below 20-50 day EMA” alerts this morning. <a href="https://finviz.com/map.ashx?t=sec_all" rel="nofollow">https://finviz.com/map.ashx?t=sec_all</a>
CPI up 3.1% year-over-year, core CPI (excluding volatile food and energy) up 3.9% YOY. We’re not out of the woods yet, maybe the talking heads will have to take a break from expecting a fed rate cut at the next meeting.