Last week, something happened that has only occurred 13 times in the past 20 years. And the results were in-line with what history told us was going to happen.
On June 12, the Federal Reserve held a meeting and made an announcement on interest rates on the same day that the Consumer Price Index (CPI) – inflation reading – was released.
Considering the CPI is arguably the most important number in regard to the Fed’s decision on interest rates, it was a wild day. Stocks closed up big even though there was a late-day pullback. The rally was fueled by a lower-than-expected inflation reading.
On today’s SteadyTrade Podcast, Tim Bohen and I discuss the inflation number and what to expect from the Fed in the future. More specifically, we delve into the industry of new and used vehicles. I know that may sound like an odd topic, but after a pandemic-surge in car prices, the last few quarters have seen used car prices in particular plummet.
This is important because there are some investment opportunities based off this trend that we discuss on the show. Make sure you tune in to hear about a stock that is up 30X in less than two years and could still be a buying opportunity.
Here’s to the future,
Matt McCallEditor, Market Insights
The post How Interest Rates and CPI Affect Car Buyers in 2024 appeared first on Centurion Publishing.
