[sakopov]

IMHO, what I see from the latest CPI report is inflation becoming persistent and it looks like shelter prices are the reason. So I don't think rates will be cut in the near short-term and will likely remain unchanged. The good news is that apartment construction [1] and vacancies [2] are trending up, so this could give way to lower rents and CPI coming down to what the FED is expecting but I don't think this is happening in March but rather much later next year. So, I think we'll have more pain and layoffs in the tech market for the majority of next year...

[1] https://fred.stlouisfed.org/series/UNDCON5MUSA [2] https://fred.stlouisfed.org/series/RRVRUSQ156N

[HDThoreaun]

Inflation is sitting at 3.1%, it's already come down. You are right that housing inflation is still a big problem, but the overall number is in the acceptable range today. Powell just signaled 3 cuts next year being the current plan. https://www.nytimes.com/live/2023/12/13/business/fed-meeting...

[ldjkfkdsjnv]

the stock market is clearly pricing in inflation dropping, your current analysis doesnt take into account any data that hedge funds and investors are trading on