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ValueWalk
ValueWalk
In hisDaily Market Notes report to investors, Louis Navellier wrote: Shift In ExpectationsPeak inflation is in. CPI numbers came in below forecasts this morning, both headline and core were 0.2% below estimates: Month-over-month CPR was flat instead of the 0.2% forecast (8.5% y-o-y) and Core was +0.3% vs 0.5% forecast (5.9% y-o-y), easing concerns for an even more hawkish Fed, best reflected by the shift in expectations for the next Fed increase in September from 75bps to 50bps, with 50bps now considered a 2/3 likelihood from 1/3 before the CPI numbers. Admittedly, the 75bps move was only expe…
