The Fed Can’t Seem to Win Against Sticky Inflation

[Trading With Larry Benedict]( The Fed Can’t Seem to Win Against Sticky Inflation By the Opportunistic Trader Editorial Team “If I’m [Fed Chair] Powell, I’d like to see [inflation] start moving down, and it’s barely creeping... I’m not reaching for the Pepto yet, but I’m not feeling great. This is not what you want to see.” That was the assessment of Dan North, a senior economist at Allianz Trade, following yesterday’s personal consumption expenditures (PCE) release. The Federal Reserve prefers PCE numbers to judge inflation. It measures changes like consumers substituting cheaper items for more expensive ones. That gives the inflation reading extra nuance. The April PCE numbers arrived in line with estimates. On an annual basis, core PCE rose 2.8%. That’s only 0.1 percentage point higher than expected. Yet that reading left markets on edge… After all, we’re still nowhere near the Fed’s 2% inflation target. And the most recent expectations for rate cuts are now being priced in for November. The Fed meets two days after the presidential election. That could mean a rocky period ahead as politics take on a greater role in market action in the coming months… Recommended Link [This New Idea is Set to Shock the World]( [image]( PayPal was not a popular idea at first. In the late 1990s, when most people were still mailing checks, Elon Musk’s idea of making payments over the internet was unimaginable. Now, though, PayPal is a promising contender in the ever-competitive AI boom. It seems that everything Musk has done throughout his career sounded insane at first… Which is why it’s important that you pay attention to his [latest, strange invention.]( It’s an AI device that could be the most [powerful technology ever created.]( This new idea is set to shock the world once again – and this time, you don’t want to be a nonbeliever. [Click here to learn all the details.]( -- --------------------------------------------------------------- [thumbnail]( [This Bull Market Is on a Shaky Foundation]( Nvidia’s surge drove the S&P 500 to new highs. But there may be a crack in this rally’s foundation… --------------------------------------------------------------- [thumbnail]( [A Different Way to Profit From Options (Part 2)]( Today, I want to turn our attention to an options strategy we can use when we’re bullish… --------------------------------------------------------------- [thumbnail]( [The Two Most Important Steps to Improve Your Trading]( You may think need a ton of money to start trading, but nothing could be further from the truth… --------------------------------------------------------------- [thumbnail]( [The Last Time We Saw This Setup, This Stock Jumped 73%]( Traders in the cryptocurrency space are seeing an opportunity build in this key stock… --------------------------------------------------------------- [thumbnail]( [Why You’ll Miss Out If You Only Trade Stocks]( Ignoring the currency market can mean missing out on some great opportunities… --------------------------------------------------------------- [The Opportunistic Trader]( The Opportunistic Trader 55 NE 5th Avenue, Delray Beach, FL 33483 [www.opportunistictrader.com]( To ensure our emails continue reaching your inbox, please [add our email address]( to your address book. This editorial email containing advertisements was sent to {EMAIL} because you subscribed to this service. To stop receiving these emails, click [here](. The Opportunistic Trader welcomes your feedback and questions. But please note: The law prohibits us from giving personalized advice. To contact Customer Service, call toll free Domestic/International: 1-888-208-6550, Mon–Fri, 9am–5pm ET, or email us [here](mailto:feedback@opportunistictrader.com). © 2024 Omnia Research, LLC. All rights reserved. Any reproduction, copying, or redistribution of our content, in whole or in part, is prohibited without written permission from Omnia Research, LLC. [Privacy Policy]( | [Terms of Use](