US Near Future Rate Cut off the Table; Probably not even Once for this year. Canada May have to Follow

[GlobeCitizen]

CPI report for March: Dow Jones ends with third straight session of losses after hotter-than-expected inflation data

Follow the U.S. CPI report and all the latest market action on Wednesday here.

www.marketwatch.com

CPI report for March: Dow futures fall 450 points after hotter-than-expected key inflation data​

CPI report for March: Dow Jones ends with third straight session of losses after hotter-than-expected inflation data

Follow the U.S. CPI report and all the latest market action on Wednesday here.

www.marketwatch.com

CoinDesk Bitcoin Price Index (XBX)btcusd(CoinDesk Indices)
67,750-1,245-1.80%▼


1 min ago

Rent growth returns to prepandemic levels, private data show​

By Aarthi Swaminathan
Shelter inflation has been pushing the CPI higher over the last few months. And industry data is indicating that rent growth is slowly inching back up.
Rents rose 0.6% in March from the previous month, according to Zillow, to a median price of $1,983. The climb was dubbed to be “subtle” but tracks closely with the prepandemic seasonal average of 0.7%. Single-family and apartment rents are up across the nation.
Rents are up in all but two metros out of 50: Only Austin and San Antonio homes saw a drop in rents in March, Zillow said.
Redfin also reported on Wednesday that median asking rents were up 0.8% in March, which was the third consecutive increase. During the height of rent growth in 2022, prices went up by as much as 17.7% year-over-year, the company noted.

4 min ago

Interest-rate cuts are off the table for the foreseeable future: Regan Capital strategist​

By Isabel Wang
Wednesday's hotter-than-expected CPI report confirms that inflation has re-accelerated, forcing some to believe that the Federal Reserve's interest-rate cuts are off the table in the foreseeable future.
"Strong employment, higher commodity prices and persistent inflation are arguing for the opposite — a rate hike — until inflation gets down near 2% and asset prices cool off," said Skyler Weinand, chief investment officer at Regan Capital. "It’s becoming more and more difficult to argue for rate cuts."
While recent comments from Fed officials have oscillated between doves and hawks, Weinand and his team said that policy makers might be getting nervous about inflation accelerating. The central bankers will look to tame it through "a prolonged stasis in rates" and perhaps a rate hike in the not-too-distant future, Weinand said in emailed comments on Wednesday morning.


6 min ago

Fed-funds-futures traders take June rate cut off table​

By Christine Idzelis
Traders in the federal-funds-futures market no longer expect the Federal Reserve will start lowering interest rates in June, after the latest inflation reading largely wiped out those bets.
Fed-funds futures show a 76.8% probability that the Fed will keep its benchmark rate at its current target range of 5.25% to 5.5%, according to the CME FedWatch Tool, at last check.
Traders are assessing a hotter-than-forecast inflation report released by the U.S. Bureau of Labor Statistics at 8:30 a.m. Eastern Time on Wednesday. Before the report, the CME FedWatch Tool indicated a more than 50% chance that the Fed could start cutting rates in June.
Fed-funds futures now show a 54.6% probability that the central bank might decide in July to hold its benchmark rate at the current range, according to the CME FedWatch Tool, at last check.

10 min ago

'Door slamming on a June rate cut'...​

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[billwanhua]

加拿大惨了，等着房价崩溃吧。

 

[月下独酌]

加拿大惨了，等着房价崩溃吧。

nice

 

[ccc]

加拿大央行不增不减，维持在5%。

 

[welcomelm]

加拿大惨了，等着房价崩溃吧。

steady hands

 

[茶马盐铁]

加拿大惨了，等着房价崩溃吧。

马的，崩啊！我特么等了那么久，最后钱都挪用了！结果还是没崩！拿我开心是吧？

 

[welcomelm]

马的，崩啊！我特么等了那么久，最后钱都挪用了！结果还是没崩！拿我开心是吧？

算了吧，只能说你心不诚，或者你从内心里根本就没想买。

 

[茶马盐铁]

算了吧，只能说你心不诚，或者你从内心里根本就没想买。

我倒是一般般。买也行，不买也行。但是我家领导想买。

可一来，一直在喊房价要崩，我肯定不可能在崩之前冲进去，对吧。要买也得等崩一段时间以后再说，否则就成冤大头了。

二来，谁的钱也不少大风刮来的。不可能停在账上等崩盘。上次连续升息，以为要崩，结果钱拿来了，特么也没崩。现在钱挪走了，有特么喊要崩！我发现特么CFC上就没个靠谱的。