Inflation gone? I don't think so. Cattle futures
This chart shows you everything you need to know about inflation. I was shopping yesterday and my steak cost $1/lb more than last month.
If Powell doesn't go .5% today, this blow up to new ATH, and inflation will force his hand in July. Inflation isn't going away any time soon, look at gold, oil, etc. Traders are pumping commodities every time they pump the stock market.
Keep in mind .25% today and ,25% in March is already priced in and this is headed to new highs. Note: weekly chart
If Powell doesn't go .5% today, this blow up to new ATH, and inflation will force his hand in July. Inflation isn't going away any time soon, look at gold, oil, etc. Traders are pumping commodities every time they pump the stock market.
Keep in mind .25% today and ,25% in March is already priced in and this is headed to new highs. Note: weekly chart