1/12/2024 ‘It’s the Core…It’s the Core…It’s the Core….’
Russell E. Towne | January 12, 2024 ‘It’s the Core…It’s the Core…It’s the Core….’
AUTHOR: TOWNEWEALTHMANAGEMENT.NET/BLOG 1/12/2024: Towne Wealth Management BLOG:
‘It’s the Core…It’s the Core…It’s the Core….’
Core Prices, excluding Energy and Food,were below 4%for the first time since May of 2021, according to the December 2023 CPI Report, says FOX Business 1/11/2024. Nevertheless, inflation did rise more than expected, causing pundits to ponder whether projected interest rate reductions might not start in March of 2024. On such news the markets have been somewhat choppy…. but not a disaster as we go into the three-day weekend. Although inflation has dropped from the 9.1% level, it is not at the 2% target the Fed is after. It looks like Housing, Food and Energy were the biggest culprits in holding off better inflation numbers. Yet... it may be the core numbers…that is making many say rate increases are over….
And it’s just a matter of time when the decreases start.
So… ‘It’s the Core…It’s the Core…It’s the Core….’
We have to thank this early month of 2024
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Russell E. Towne, LPL Financial Advisor, is a registered representative with and Securities and Advisory Services offered through LPL Financial, a Registered Investment Advisor. Member FINRA/SIPC.
The opinions expressed in this material do not necessarily reflect the views of LPL