Inflation reports this week likely to be hotter than expected.

Sharing is Caring!

by Euro347

Wednesday, October 11, 2023 – Producer Price Index numbers are due

Thursday, October 12, 2023 – Consumer Price Index Numbers are due.

Just some data points to look at as we are going into this week.

Wholesale used-vehicle prices (on a mix, mileage, and seasonally adjusted basis) increased 1.0% in September from August.

See also  National Emergency to be Declared! Supplies Staged for "Emergency Situation", Border Wave Expected

https://site.manheim.com/en/services/consulting/used-vehicle-value-index.html

In Sept oil prices reached $93 US dollars per barrel. A high for 2023 . Likely to get higher with the Israel war.

https://fred.stlouisfed.org/series/WTISPLC

Rent prices are still climbing.

https://fred.stlouisfed.org/series/CUUR0000SEHA

Orange Juice and Cocoa are trading near all time highs. Cocoa goes into ALOT of food products. Who knows what commodity is next? Cotton,Heating Oil, Nat Gas, Coffee, Wheat, Corn, Cattle?

See also  NYT, Bloomberg pulled reports on DEI study showing intensified bias, division impacts.

https://fred.stlouisfed.org/series/CPIUFDSL

https://fred.stlouisfed.org/series/POLVOILUSDM

https://fred.stlouisfed.org/series/CUUS0000SEHF01

Inflation isn’t gone. There is no way the Fed doesn’t raise 2 more times this year. Jamie Dimon was right, we may see 7% + yields.

we have 2 more FOMC meetings this year.

https://www.federalreserve.gov/monetarypolicy/fomccalendars.htm


Views: 65

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.