Inflation Back In Target Range

TL;DR

• The latest CPI data is in, and inflation is back in it’s target range at 3% annualized
• It’s likely not going to chance the Fed’s decision at the next FOMC meeting in a couple of weeks, but they’ll be thinking seriously about their plan for the coming months
• The real estate sector, in particular. will be happy with the news as high rates stifle home sales
• Top weekly and monthly trades

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Well, that happened quickly. Just like that, CPI inflation is back within the Feds target range of 2 to 3%. Only just, mind you, as the annualized figure came in at 3.0% on the dot. But still. That’s less than half of what it was at the beginning of this year and a huge swing from the 8.5% from a year ago.