AMEX:RINF   ProShares Inflation Expectations ETF
Inflation expectations comparison chart: I wanted to put this up ahead of Federal Reserve Chair Jerome Powell's appearance before the Senate Banking Committee today at 10am . The focus for the hearing is in regard to the rising prices assumed to correlate with inflation from the exaggerated quantitative easing since March 15th 2020.

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Economic events today 1/12/21

CPI data announcement at 8:30am today.
Core CPI (MoM) Forecast = .4% Previous = .8%
Core CPI (YoY) Forecast = 5.4% Previous = 4.9%
CPI (MoM) Forecast = .7% Previous = .9%
CPI (YoY) Forecast = 7% Previous = 6.8%

10am FOMC Brainard speaks

10:30am Oil Inventories
Forecast = -1.904M Previous = -2.144M

The Core Consumer Price Index (CPI) measures the changes in the price of goods and services, excluding food and energy. The CPI measures price change from the perspective of the consumer. It is a key way to measure changes in purchasing trends and inflation.

If the increase in crude inventories is more than expected, it implies weaker demand and is bearish for crude prices. If the increase in crude is less than expected, it implies greater demand and is bullish for crude prices.
Core CPI (MoM) Actual = .6% Forecast = .4% Previous = .8%
Core CPI (YoY) Actual = 5.5% Forecast = 5.4% Previous = 4.9%
CPI (MoM) Actual = .5% Forecast = .7% Previous = .9%
CPI (YoY) Actual = 7% Forecast = 7% Previous = 6.8%

US Real Earnings (MoM) Actual = 0.1% Previous = -0.4%
Real Earnings measures Wages, salaries, and other earnings, corrected for inflation over time so as to produce a measure of actual changes in purchasing power.
U.S. Crude Oil Inventories
Actual = -4.553M Forecast = -1.904 Previous -2.144M


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