Consumers Price Index Signals A Halt On Interest Rates Hike By Fed Reserves

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Seems the tension and the continuous interest rate hike which is done by the Feds to combat inflation as they stated, are getting to a close now as regards interest rate hike. Speaking on the Federal reserve interest hike supposedly halt, Tom Lee speaking on an interview says that - He thinks that the Feds has tone down a bit has regards interest hike as he said that he is optimistic about the market and inflation numbers.

I think [last week’s] CPI (consumer price index) report kind of shows that inflation’s on a glide path lower. The things that are still inflationary – like auto insurance, motor vehicle repair – aren’t things the Fed’s necessarily trying to target with higher rates, but it’s more of a supply-chain work-through.

So I think over the next three months, we could see core CPI at 0.2 or less. That would really allow the Fed to breathe easier, and that’s why I think the last hike was July.

He made this assumption from just looking at the consumers price index (CPI) which last week it was around 0.2% as regards customer prices. Lee says that I don’t think people are even that bullish. I mean this week everyone’s been quick to turn bearish. One just has to look at the comments from a lot of folks and they’re already back in the hard landing camp…

Yet we know investors pulled $115 billion out of the stock market this year and there’s $500 trillion in cash, and mortgage rates could drop pretty dramatically. If the Fed is done and the [US 10-year treasury note] stays at [4%], mortgages should drop to 5.5%. That’d be hugely stimulative next year.

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