Daily Note | April 10, 2024 | Don't Fight The Fed

The market is now starting to care about hotter inflation and the likelihood of the Fed cutting less this year, and likely next, than was expected just three months ago.

CPI rose +0.36% with the y/y rising to 3.80% from 3.75%. You can see short-term annualized numbers are moving up showing that disinflation is now gone. I would note that when I see the m…