Manufacturing, commodities, wages came in lower in comparison to august numbers.
Unemployment decreased 0.2% and service inflation has risen
I don’t expect a bad CPI report. Please share your highly regarded thoughts and counter arguments.
Would higher service inflation and lower unemployment outweigh the decrease in manufacturing, wages and commodities ?
https://tradingeconomics.com/commodity/crude-oil
https://www.reuters.com/markets/europe/world-food-price-index-falls-sixth-month-sept-fao-2022-10-07/
https://www.fao.org/worldfoodsituation/foodpricesindex/en/
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It’s core year over year that’s not falling even with huge interest rate hikes, and best case on fuel costs, etc. the last few months…now that opec has basically said fuck you FED, this CPI may be good or bad relatively speaking, but the next several months on oil and gas are going to fuck up future CPIs.
And unemployment is going the wrong way from what the fed and market were expecting.
Personally I love that the market/fed/Wall Street maybe can no longer just fuck over the public…they’re being faced with an equalizer by the masses.
Labor isn’t budging the world over, so Wall Street and the world markets need to adjust their greed accordingly.
I think this is a reaction to the jobs data. I think the reaction to CPI data won’t be seen until Thursday when it comes out and bets won’t really be placed on CPI data until Wednesday. Just one man’s opinion.
Unemployment fell , good news is bad news . Fed has to continue to tighten . No pivot insight .
services inflation broke last month’s print
that hasn’t been slowing down while energy is increasing again
It’s bad because the wealthy want us working people to be poor and desperate, and the jobs report shows we still have leverage.
Oil was up, housing was up, and food was up. What more do you want?
Inflation target is 2 percent…think about that
We last printed 8.3
We have room for rate hikes at 3.5 unemployment…-.9 gdp lots of room
Interest rates will crush earnings
Because you’re so addicted to hopium I’m at this point you fail to realize everything you’ve been told so far has been lies.
Can you post sources for the decrease in commodities prices in September?
Just look at the Cleveland FED’s nowcast.
https://www.clevelandfed.org/our-research/indicators-and-data/inflation-nowcasting.aspx
Sitting @ 8.04%.