Inflation data crushes estimates, everything dropping except for the USD

May 12, 2021

Ed Moya, Senior Market Analyst at OANDA joins me to recap the April CPI data that showed a major pop in inflation. Headline CPI jumped 0.8% m/o/m and the core rate by 0.9% in April, blowing past expectations of up 0.2% and 0.3% respectively. That core rate gain is the most since 1982. The market reaction is down across the board. US markets, gold, bonds and base metals to name a few are all down on the day. Seems like everyone is projecting forward to a Fed reaction.

Click here to visit the OANDA website and read over Ed’s daily note.

    May 12, 2021 12:44 AM

    All bunch crap, if they are really afraid of inflation and stocks selling off then gold should have had a move above 1850.
    Down road panic will fade and stocks will soar into bubble top.
    You won’t know about true inflation for months down road.
    I have to laugh at all these gurus speculate, truth is none of them know.

      May 12, 2021 12:07 PM

      But they were “shocked” at these numbers…obviously their spouse handles the check book.

    May 12, 2021 12:36 PM

    Are we the only ones who saw this coming? Why were ‘they’ surprised?

      May 12, 2021 12:22 PM

      They were surprised because the system has not been regulated and Central Banking has facilitated massive fraud. Playing dumb is the only way to avoid explaining why people are not in prison.