Don't Panic Yet! Ahead Of Key April Inflation Data, Economist Points To Charts That Hint At 'Some Good News' — 'Fed Beige Book Nailed This'
Portfolio Pulse from Shanthi Rexaline
Ahead of the April CPI report, economist David Rosenberg points to encouraging data from the NFIB small business survey and the Fed's Beige Book, suggesting a downtrend in pricing power. This could ease inflation concerns and impact market expectations for Fed rate decisions.
May 15, 2024 | 9:03 am
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POSITIVE IMPACT
The iShares TIPS Bond ETF (TIP) could see positive short-term impact due to encouraging data suggesting a downtrend in pricing power, potentially easing inflation concerns.
The NFIB small business survey and the Fed's Beige Book indicate a downtrend in pricing power, which could ease inflation concerns. This is positive for TIP as it tracks inflation-protected U.S. Treasury bonds.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80