CPI Data
The market will be waiting for the CPI data. It will likely affect the probability of whether there is 1 more rate hike this year.
It is noteworthy that a slightly hawkish FOMC meeting minutes that were released yesterday hadn’t spooked the market at all. Not just that, the market was also unfazed by the recent slightly hotter PPI.
So! If we get a soft inflation reading today, it could be the signal that the rally could continue on this month, and mark the start of a seasonal rally. Fyi, expectation for CPI is 3.6%
But of course, be nimble and be prepared for any reversal in trend. Whichever the trend is, remember, don’t fight the trend.
It is noteworthy that a slightly hawkish FOMC meeting minutes that were released yesterday hadn’t spooked the market at all. Not just that, the market was also unfazed by the recent slightly hotter PPI.
So! If we get a soft inflation reading today, it could be the signal that the rally could continue on this month, and mark the start of a seasonal rally. Fyi, expectation for CPI is 3.6%
But of course, be nimble and be prepared for any reversal in trend. Whichever the trend is, remember, don’t fight the trend.
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ProfB22M : 3.7. What to expect
牛转乾坤19 ProfB22M: The data shows that inflation is falling, but as energy prices rise, inflation will be repeated, so interest rates will remain high for some time