Treasury Yields Respond to Inflation Report and Middle East Tensions

Inflation's Still a Vibe

Okay dolls let's talk numbers. So like the inflation report dropped and it's giving… steady. I mean 0.3% increase for the month? Groundbreaking. But for real it’s at 2.4% over the past year which is like still higher than what the Fed wants. Remember when Khloe was dating Tristan? That was also higher than what we wanted. Anyway everyone was expecting this number so it's not totally throwing off my vibe... yet. But you know what they say numbers never lie.

Middle East Tension: Not Just a KK Drama

So I'm scrolling through Twitter (as one does) and it's all like 'U.S. Iran war' this and 'oil prices' that. Apparently the whole situation in the Middle East is making everyone sweat about inflation again because duh oil is getting pricier. It's kind of like when Pete Davidson started dating everyone after me; the prices went up honey. This is precisely why some investors are in panic mode especially considering the FDA Drug Approval Chaos Investors in Panic Mode further exacerbating market uncertainty. It’s giving major stress even for someone who like thrives on chaos.

Oil Prices: The New Birkin Bag

Speaking of oil it's basically the new Birkin bag – everyone wants it and the price keeps going up. West Texas Intermediate is up 4% darling hitting around $87 a barrel. Brent crude? $91. That's more than some of my *vintage* handbags. The International Energy Agency tried to chill everyone out by releasing a bunch of oil reserves like 400 million barrels the biggest release ever. But surprise surprise prices are *still* high. Guess people are bracing for a long haul. It’s giving me flashbacks to trying to find toilet paper in 2020.

The Fed's Fave Number: PCE

Okay so the Fed has this thing called the Personal Consumption Expenditures index or PCE. It's like their favorite number when they're trying to figure out what's going on with inflation. It's kind of like how North is obsessed with TikTok; the Fed is obsessed with PCE. We're all waiting for that data to drop later this week. Fingers crossed it's not a total disaster. Because honestly I need to focus on my next SKIMS drop not worry about the economy.

What's Next Besties?

Besides the PCE index we've got housing starts and jobless claims coming up. Basically a whole bunch of numbers that will tell us if we're all doomed or if we can still afford to buy avocado toast. I’m kidding…kind of. All these things make bond yields fluctuate and what goes up must come down...hopefully. Keep an eye on it; even I'm paying attention and that's saying something.

Trust the Process Trust the Angles

At the end of the day the economy is like a selfie: you have to find the right angle the right lighting and sometimes a really good filter. We just have to trust the process even when it's stressful and confusing. And if all else fails we can always just blame Kanye. Just kidding... mostly. Stay tuned dolls and let's hope for some good economic news soon. XOXO.