re: March PCE inflation rises to 2.7%, above expectations of 2.6%. No rate cuts anytime soon?

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Core PCE inflation was 2.8%, above expectations of 2.6%.

We now have CPI, PPI, and PCE inflation rising for 2 straight months.

Seems like rate cuts are off the menu

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JPow has spent this year making every positive signal he could reasonably (and sometimes unreasonably) make in order to keep consumerism going long enough to outlast inflation and therefore achieve this mythical "soft landing". GDP finally dropped (for Q1, so it's a lagging indicator) but inflation is back on the rise. The biggest issue is that both the federal government and the consumer have been trying to power through this by creating more debt (read: more money, thereby devaluing the currency)

The market finally seems to have taken the Hopium pipe from its mouth and may be starting to see what some of us have been saying since last year: there will be no "soft landing" and the landing we get is going to hurt like a motherfricker.

Buckle up, gang. We may finally be getting into the economic shitstorm that has been held back for almost a year now.