Investing Updates : June CPI Bullish

AI Summarisation

The most recent Consumer Price Index (CPI) data, released in June, covers the month of May. The annual inflation figure for May was 3.3% before seasonal adjustment. This means that the cost of a basket of goods and services in the U.S. increased by an average of 3.3% from May 2023 to May 2024¹. Notably, consumer prices declined 0.1% in June from May, with inflation curtailed by lower gas prices and a smaller increase in grocery store costs. On an annual basis, inflation registered at 3.0%, down from 3.3% in May, indicating that inflation is cooling faster than expected². The reading is the lowest since June 2023, when prices also rose at an annual rate of 3%. If this trend continues, it could bolster the case for an interest rate cut by the Federal Reserve in September². 📉💰

My Thoughts

• Bullish news yet again on CPI.
• I think Sept rate cut is confirmed.
• Question is whether one more rate cut can be squeezed in this year. Need to see upcoming CPI data.

My Actions

• Buying REIT ETFs.
• Buying T-Bills & Cash Mgt.
• Pausing on U.S. and Crypto.

https://www.moomoo.com/community/feed/here-s-the-breakdown-for-us-june-cpi-in-one-112767911264661