Jun PCE inflation at 0.2% m/m; 3.0% y/y vs 3.8% prior month. The model likes the performance. No change to business cycle outlook. Unchanged forecast into Sep-Nov for stock market. Rates to calm near-term? #inflation Fed hiked as expected. As […]
Month: July 2023
Celebration Time
A celebration today.The SP500 stock index met the next bull market target.More fluctuations within a lengthy bull market -to come.The business cycle model will show the time and degree of importance of fluctuations. Assists short-term to long-term.Do you have a […]
Day to Day Inflation Nears Fed’s 2.0%
The Truflation.com daily inflation is 2.39% versus about 11.0% a year ago. The government’s CPI inflation for May was 4.0% versus about 8.0% the year prior. It seems that the biz cycle model is correct for lower inflation, it forecasts […]