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Bombshell CPI Report Shocks The Market (Here's What You Need To Know)
The June consumer price estimates at first seemed like good news. Two months in a row at low and now negative changes. But these past two months have shown a little more weakness than most had bargained for, instead so many of the details consistent with recession indications spilling out from all over the economy. No wonder bond yields dropped sharply, though, alarmingly, swap spreads got there well before today.
Eurodollar University's Money & Macro Analysis
BLS June 2024 CPI
https://www.bls.gov/news.release/pdf/cpi.pdf
Bloomberg Stocks See Big Rotation as Yields Sink on Fed Bets: Markets…
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