The Fed has been clear that 2% is their inflation target.
Now, we have inflation rising again and hovering near the 3% mark.
Will the Fed raise their inflation target or will they finally get it under control?
Follow us @KobeissiLetter for real time analysis as this develops.
— The Kobeissi Letter (@KobeissiLetter) August 10, 2023
BREAKING: Inflation comes in lower than expected
Consensus = 3.3%
Actual = 3.2% (Previous = 3.0%)
However, this is the first uptick in the inflation print seen since July 2022
— Game of Trades (@GameofTrades_) August 10, 2023
Gasoline is the primary driver of disinflation
Oil spiking by over 25% in the past 2 weeks poses a significant risk for inflation to tick up pic.twitter.com/AiK2ehbCUp
— Game of Trades (@GameofTrades_) August 10, 2023
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