The View from 5th Avenue – 11 April 2024
Posted onI suppose if you have rented a house, bought groceries or filled a car with gas recently, you knew that inflation was not heading lower. And because those three remain high, affording a car is a tougher proposition (those prices actually did fall). Anyway, that is yesterday’s news and equities have quickly moved past another higher-than-expected CPI print. Today’s session started with another inflation read via the PPI which saw the y/y datapoint move sequentially higher. But while the broader…