A Four Year First

The month-over-month CPI printed a negative number today, marking the first decline in the headline number since May of 2020. Could this be a signal to Jerry and his Goons that the runway is clear for rate cuts beginning as soon as September? The "markets" seem to think so.

What an interesting morning this has been. Let's start with the CPI headlines:...

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Key Economic Events Week of 10/14

10/14 3:00 ET Goon Waller leads off
10/15 8:30 ET Empire Fed
10/15 1:00 ET Goon Kugler
10/16 8:30 ET Import Price Index
10/17 8:30 ET Initial jobless claims
10/17 8:30 ET Retail Sales
10/17 9:15 ET Philly Fed
10/17 9:15 ET Cap Ute & Ind Prod
10/17 10:00 ET Business Inventories
10/18 8:30 ET Housing starts
10/18 12:10 ET Goon Waller wraps up

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