Zelda's Take on the Inflation Report

Inflation Slightly Higher Than Expected

Just like a Moblin creeping up on you in a dark cave inflation rose about as expected in April and the markets are on edge wondering what's next as interest rates might start coming down.

Sluggish Inflation Numbers

If Ganon's army moved as slowly as these inflation numbers Hyrule would've been doomed. The personal consumption expenditures price index excluding food and energy costs increased just 0.2% for the period barely moving like a sluggish Dodongo.

Fed Chair Powell's Reaction

"I'm not reaching for the Pepto yet but I'm not feeling great," says Dan North economist for North America at Allianz Trade giving us all the feels like when Link's heart drops to one heart piece in a boss battle.

Market Reaction and Speculation

Market reactions were as unpredictable as a cucco on a village rampage. Futures rose Treasury yields moved lower and everyone is holding out for a hero or in this case an interest rate cut.

Fed's Stance on Rate Cuts

Central bank officials are as cautious as Rauru guarding the Sacred Realm. New York Fed President John Williams warned that the current prices are still too high much like Dodongo's fiery breath.

Rate Cut Expectations

The possibility of rate cuts resembles hunting for Golden Skulltulas elusive and uncertain. With market projections indicating rate cuts may not come until November the suspense is as palpable as opening a chest in a dungeon.