US CPI comes in hot!

March CPI: 3.5% (y-o-y)

We've stated on numerous postings that the US CPI won't decline significantly any further and we've been proven correct.

https://sg-stock.blogspot.com/2024/01/us-cpi-rose-in-december-2023.html

US CPI (m-o-m): 0.4%

If the monthly CPI for 2024 is at 0.3%, the annual CPI will be at 3.66% and this will mean no Fed rate cut in 2024 at all.