By
Inflation was the main concern of markets this week. On Tuesday (March 12th) Consumer Prices (CPI) came in slightly hot, but within market expectations. As a result, the financial markets took the report in stride and equities rallied. The problem was Thursday’s Producer Price Index (PPI), an index that is a leading indicator of future CPI inflation. The change in that index (+0.6%) was twice what markets expected (+0.3%) and the financial markets (both equities and fixed-income) sold off and equities ended the week with their first weekly loss (although only slight) in quite some time. The Fed isn’t going to like these inflation reports, and the chances of a rate cut in June (as of March 14) now stand at 61%, down from 74% (March 7).Consumer Price Index (CPI)US Bure …
See the entire article on inflation, or, read more Arizona real estate investing news. It’s your call!
