honest Auroch_4159
commented on
Market Overview: December CPI Surpasses Expectations, Dampening Rate Cut Forecasts
In the second week of 2024, after the stock market failed to continue the frenzied trend from the end of 2023 and experienced a decline in the first week of the year, it rebounded during the first four trading days of the following week, effectively recouping the previous week's losses. The $S&P 500 Index(.SPX.US$ , which f...
In the second week of 2024, after the stock market failed to continue the frenzied trend from the end of 2023 and experienced a decline in the first week of the year, it rebounded during the first four trading days of the following week, effectively recouping the previous week's losses. The $S&P 500 Index(.SPX.US$ , which f...
![December CPI Puts Rate Cut Expectations Under Pressure: Will U.S. Stocks Continue to Ascend? [Learn Premium Review]](https://ussnsimg.moomoo.com/71220648/editor_image/00d4f2af8cea3385a2e45082ba780c20.png/bigmoo?imageMogr2/ignore-error/1/format/webp)
![December CPI Puts Rate Cut Expectations Under Pressure: Will U.S. Stocks Continue to Ascend? [Learn Premium Review]](https://ussnsimg.moomoo.com/71220648/editor_image/2c9b1fe5146e3ceb9d359c079a53b0f2.png/thumb)
![December CPI Puts Rate Cut Expectations Under Pressure: Will U.S. Stocks Continue to Ascend? [Learn Premium Review]](https://ussnsimg.moomoo.com/71220648/editor_image/dd015cc8b703392ea14589c2219e2018.png/thumb)
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honest Auroch_4159
commented on
When they say inflation is 8%, it is y-o-y ie compared with Oct ‘21, prices inflated 8% in Oct ‘22. So a burger that cost $2 in Oct ‘21 now costs $2.16. Assuming in Oct ‘23, the inflation is down to 2% compared with Oct ‘22, the same burger will then cost $2.16 X 1.02=$2.20.
Unless there is deflation, the burger will never be the same price as in Oct ‘21.
Unless there is deflation, the burger will never be the same price as in Oct ‘21.
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honest Auroch_4159 :