US Inflation to Drop to 4.3% Next Month: Insights from CPI and Predictive Model
Published on May 11, 2023
The U.S. CPI came out yesterday showing inflation at 4.9%. Our predictive model, based on the aggregate inflation forecasts from news and social media, shows a further significant inflation drop over the next month to 4.3%. This model has consistently had a 30% tighter fit to the U.S. CPI than the consensus of experts since it began rolling-forward (expanding window architecture) in 2004.
Once interest rate expectations plateau, then the market may resume its upwards drift.
Disclaimer: Your use of this content is at your own risk.
Research reported by MarketPsych Pte Ltd and its affiliated
entities is intended for educational and informational purposes
only and no representation or warranty, expressed or implied, is
made as to its accuracy or completeness. The risk of loss in
trading securities and other financial instruments can be
substantial and past performance does not guarantee future
results. MarketPsych does not provide customized or personally
tailored advice or recommendations. If you need investment or
other financial or legal advice, you should consult with a
qualified professional.
| Copyright@MarketPsych 2023 All rights reserved |
|