$USIRYY -CPI# *M print (post AA+)- Awaiting CPI# numbers readings for ECONOMICS:USIRYY on August 10th (today) post US being Down-Graded to AA +.
While on the 9th of August ECONOMICS:CNIRYY came deflationary on the other side of the world
Consensus sits at 3.1% (0.1% increase) and some to 0.3% increase at 3.3% for ECONOMICS:USIRYY
Economists forecast Inflation rising up again on a steady pace
for the rest of 2023 and the entering of 2024 for coming down YoY from 9.1% to 3%
On the last ECONOMICS:USINTR Rate Hike Decisions following a Month of Breath,
our pal,
Jerome Powell stated during his speech regarding Fed's seeing
inflation coming up on months to come not being total uder control.
This was aswell one of many reasons they didn't felt
confident to stop the Rate Hiking .
He aswell stated that Federal Reserve does not see Inflation coming down to their
Target Norm of 2% CPI by 2025, and they fimrly prompt a 'Soft Landing'.
How about another joke, Powell !
It's not about Money ,
its about sending a Message .
Everything Burn ...
TRADE SAFE
*** Note that this is not Financial Advice
Please do your own research and consult your own financial advisor
before partaking on any trading activity based solely on this idea.