Inflation Risk: Oil's XOM, The Best Bet?
@JC888：
On Wed, 12 Feb 2025, US stocks fell after the first inflation readout for 2025, stoking investors’ concerns about stubborn price pressures and reignited worries that interest rates might not come down as expected. Wall Street attempted to explain that: It is likely (partly) due to businesses raising prices at the start of the year. As evident in a record surge in (a) cost of prescription medication and (b) increase in motor vehicle insurance. Historically, January CPI report follows a pattern of CPI numbers overshooting expectations every January. This is because, the “seasonal adjustment” factors used in the data modelling by US’s Bureau of Labor Statistics (BLS) to derive inflation, failed to fully account for the one-off turn-of-year price hikes. Nonetheless, they said the so-called res