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Posted (edited)

This is today's print from the Cleveland Federal Reserve's "Inflation Now" forecasting tool.

 

INFLATION, YEAR-OVER-YEAR PERCENT CHANGE
Month CPI Core CPI PCE Core PCE Updated
Note: If the cell is blank, it implies that the actual data corresponding to the month for that inflation measure have already been released.
April 2026 3.56 2.56 3.50 3.03 04/07
March 2026 3.25 2.60 3.28 2.97 04/07
February 2026     2.67 2.83 04/07

 

https://www.clevelandfed.org/indicators-and-data/inflation-nowcasting

Edited by gehringer_2
Posted (edited)

A little chart porn in order. I'm sure the frontrunning stuff will immediately start, if it hasn't already, but there are some who also got their face ripped off as well.

Hit $117 ish around 11:30, then went downward from there, especially late in the day. Once the day change at 6 it took a ****. Ouchie!

crude4_7.thumb.JPG.cbf0ff6a8e709697876eb9f25d2f1d55.JPG

Looking at that chart, there is a gap right smack the 6pm time change. Why? Just another tick in the timeline of the open market. Funny to how it bounced around the $93.46, then tested it again, and now back above. Still, from $117 to $91 in the same day is quite a move. 

Edited by Screwball
Posted (edited)
35 minutes ago, Deleterious said:

Nothing like a 3% gap up to start the day.

The euphoria is somewhat premature I'd guess. High energy costs are going to take a while to come down and the month they have been high still has to percolate through the economy, plus we likely have a bad inflation report coming.

But I'm not going to complain if the animal spirits of the market want to bid up my IRAs.

Edited by gehringer_2

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