Inflation reports this week likely to be hotter than expected.

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by Euro347

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

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

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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.

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

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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

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Rent prices are still climbing.

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

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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?

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

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

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

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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.

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we have 2 more FOMC meetings this year.

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


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