Great CPI or inflation might be an old topic for reporters.
Based pubic data the AI response was:
According to the latest data, the annual inflation rate for the United States was 3% for the 12 months ending in June, compared to the previous rate increase of 3.3%. This is a significant drop and has been welcomed by many, including the Federal Reserve, as it indicates that the economy is cooling down and may allow for interest rate cuts in the future.
The monthly core CPI rose by 0.1% in June, which is the slowest pace since August 2021. This has also helped to nudge the annual rate of core inflation lower to 3.3%, marking a fresh three-year low.
MEANING:
We got prices across the board about 20% higher than in 2020 and those are here to stay
On the other hand, the forecast is flat. Meaning that the market is ready for surprises in either direction.
Congratulations to those who avoided bonds and took aggressive positions in equities a year ago. Based on my research, when rates go down, equities tend to experience higher volatility.
Yes, I expect higher VIX prices, when
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