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- Aug 12 CPI shows cooling inflation setting up for an easy Fed interest rate reduction this year
Aug 12 CPI shows cooling inflation setting up for an easy Fed interest rate reduction this year
$BBAI $ASTS $IOT
Market
“Perplexity, the AI search company, made an unsolicited bid for $GOOGL ( ▲ 1.75% ) Chrome at $34.5 Billion. The company itself is valued at $18B currently.” 😊 😋

Markets rocketed up on news of benign inflation
Given that Inflation was 2.7% inline with expectations and no significant impact from the tariffs so far, the Fed will feel comfortable in cutting rates twice this year is the expectation, which should get them to below 4% by year end.
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Insights from the portfolio
Video of the day
Today’s video is on Samsara $IOT ( ▲ 2.68% ) the Internet of things hardware and software company.