CPI Tuesday

All eyes were on the latest US CPI update this morning and it came in hotter than expected. In the perverse "logic" of The Machines, this means that rates are going even higher that currently thought so the POSX has soared and the Comex PMs have plunged.

So it's just another maddening day in the "markets". Here are a few snapshots of the CPI. The only thing holding it back was a sharp drop in gasoline prices. Other than that, food costs soared 0.8% in the month or about 10% annualized and shelter inflation spiked to its highest since 1990. I wonder if PETUS and his press agent...

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Key Economic Events Week of 10/3

10/3 9:45 ET S&P Manu PMI
10/3 10:00 ET ISM Manu PMI
10/3 3:10 ET Goon Williams
10/4 10:00 ET JOLTS
10/4 10:00 ET Factory Orders
10/5 8:15 ET ADP jobs report
10/5 9:45 ET S&P Services PMI
10/5 10:00 ET ISM Services PMI
10/6 8:50 ET Goon Mester
10/7 8:30 ET BLSBS
10/7 10:00 ET Goon Williams
10/7 11:25 ET Goon Kashnkari

Forum Discussion

by vonburpenstein, Oct 6, 2022 - 7:32am
by 11IMIX, Oct 5, 2022 - 5:17pm
by PMtoxopholite, Oct 4, 2022 - 8:06pm