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.
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?
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