Massive Economic data release looms over Friday morning. The CPI will be released at 8:30 am Friday Core CPI month over month is estimated at .5%. This number is extremely important and needs to come in at a level that shows inflation is slowing at a faster pace than expected. Anything that shows the status quo will lean investors to believe more rate hikes of 50 basis points are necessary. This will lead to equities selling down. While Jobless claims are released tomorrow at 8:30 and that is important its not our larger concern. The concern is what goods and services cost and how fast those prices can come down. We are already seeing signs of a slowing economy. Houses for sale are seeing price decreases across the country. The graph below shows the percentage of home with a price drop in April 2022.
📈Massive Economic Data Looms Friday
📈Massive Economic Data Looms Friday
📈Massive Economic Data Looms Friday
Massive Economic data release looms over Friday morning. The CPI will be released at 8:30 am Friday Core CPI month over month is estimated at .5%. This number is extremely important and needs to come in at a level that shows inflation is slowing at a faster pace than expected. Anything that shows the status quo will lean investors to believe more rate hikes of 50 basis points are necessary. This will lead to equities selling down. While Jobless claims are released tomorrow at 8:30 and that is important its not our larger concern. The concern is what goods and services cost and how fast those prices can come down. We are already seeing signs of a slowing economy. Houses for sale are seeing price decreases across the country. The graph below shows the percentage of home with a price drop in April 2022.