Tip: Try a valid symbol or a specific company name for relevant results The White House Thinks the Fed Is About to Hike Into a Slowdown The above button links to Coinbase. Yahoo Finance is not a broker-dealer or investment adviser and does not offer securities or cryptocurrencies for sale or facilitate trading. Coinbase pays us for certain activity generated through this link.
Prices displayed are informational. The day before the Federal Reserve meeting, the White House's top economic official argued that the inflation problem the committee worries about has already faded. Kevin Hassett, director of the National Economic Council, made a specific technical claim: measured over the last three months and annualized, core CPI has fallen to 2%, even as the year-over-year figure the committee tends to cite still looks elevated.
The tension for equity holders is direct. The S&P 500, tracked by the **SPDR S&P 500 ETF** (NYSEARCA:SPY), has slipped over the past month while remaining up double digits on the year, meaning some tightening risk is already in prices and some is not. The statistical case Hassett made is worth understanding on its merits.
It also comes from the one voice in American economic policy with the most direct interest in lower borrowing costs, and the job here is to separate the method from the messenger. Year-over-year inflation is a rolling twelve-month average that lags turning points, while a three-month annualized rate weights the most recent quarter. At an inflection, the two can point in opposite directions. 24/7 Wall St has helped investors make money for over two decades, and our top analysts just finished ranking the definitive _Top 10 Stocks To Buy Now_.
Not the ten biggest companies. Not the ten everyone is arguing about. **The ten best stocks to buy right now.** The report is free, and you can see why we think each stock is a top investment today. Hassett's specific claim: "If you look at the last three months, that core CPI averaged and then annualized is 0.2.
I mean top line is 0.2 and core is two, which is the target. If you look at what it was the three months prior, the top line was eight point something and the core was three point something.", according to White House. If that comparison holds, price momentum has shifted sharply, and a committee focused on the annual figure could tighten after the underlying trend has already cooled.
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