The latest everyone-has-to-stop-trading-until-the-event-happens is the CPI report on Wednesday morning, an hour before the opening bell. Anyone with a lick of sese knows these numbers are completely made up and are about 1/5th the actual rate of inflation, but everyone pretends they are real anyway. Here is the year-over-year CPI, with 3.4% being the predicted value (HA!!!!)
The month-over-month change is supposed to be 0.3% (again: HA!)
And the Core CPI (which strips out luxury items such as food and energy) is predicted to be the same very mellow rate.
Whatever the rate is, they’ll spin it as bullish. A 10% annual rate would be trumpeted as a sign of healthy growth, whereas a 3.3% rate would be seen as “an amazing beat” which guarantees the Fed will slash interest rates.
It’s all a farce. See you on the other side of it!
