Yardeni Warns of S&P Meltup If Fed Makes a ‘Mistake’ and Cuts Rates
The S&P would ‘blow right through 5,400’ with easing in July or September, he says
Shelter costs and gasoline accounted for 70% of last month’s increase in overall inflation. Above: Homes in Napa, California.
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Stock and bond bulls got what they were hoping for today — signs of inflation starting to come back down enough to allow the Federal Reserve to cut interest rates.