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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