Shocker of a CPI report; or was it? The bigger shock came afterward when Chevron stunned with its massive shake-up. At the same time - and for the same reasons - the oil market is undergoing a dramatic change of its own. And these are far from inflationary.
Eurodollar University's Money & Macro Analysis
BLS January CPI
https://www.bls.gov/news.release/cpi.htm
CNBC Chevron will slash up to 20% of its workforce as part of cost-cutting plan
https://www.cnbc.com/2025/02/12/chevron-will-slash-up-to-20percent-of-its-workforce-as-part-of-cost-cutting-plan.html
Barrons Chevron to Lay Off Up to 20% of Workers. Why the Oil Industry Is Slimming Down.
https://www.barrons.com/articles/chevron-layoffs-oil-dividends-05fb9b8a
WSJ Chevron Slashes Spending, Announces Job Cuts
https://www.wsj.com/livecoverage/stock-market-today-dow-sp500-nasdaq-live-12-05-2024/card/chevron-slashes-spending-announces-job-cuts-giqWm4lRhl4XDmoPDxvd
CNBC Prices rose more than expected in January as inflation won’t go away
https://www.cnbc.com/2024/02/13/cpi-inflation-january-2024-consumer-prices-rose-0point3percent-in-january-more-than-expected-as-the-annual-rate-moved-to-3point1percent.html
CNN The Fed might not be done raising interest rates just yet
https://www.cnn.com/2024/04/11/economy/fed-interest-rate-hike-probability/index.html
Rueters Inflation-wary US rate options market cautiously prices for 2024 Fed hike
https://www.reuters.com/markets/us/inflation-wary-us-rate-options-market-cautiously-prices-2024-fed-hike-2024-04-29/
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What is Eurodollar University?
Jeff Snider will guide you through the realm of monetary science. Multiple episodes uploaded each week, discussing big news and key current events, the state of markets and what they are telling you, as well as historical summaries and deep background material so that you can understand what’s really going on in this eurodollar’s world.