Inflation Heading Higher
CPI comes in higher than expected
Consumer Inflation came in at 0.4% on the month and 3.7% year over year, according to a Labor Department. This is higher than estimates of 0.3% and 3.6%. Minus out food and energy prices because the skew the “numbers” (ridiculous), core CPI increased 0.3% for September and 4.1% year over year, inline with expectations.
Folks inflation has been on the rise since June. 10yr Treasury is at 4.614% at 7:42 am this morning will likely continue higher towards 4.80% which means further increases in inflation. Borrowing cost, corporate refinancing will continue to push debt service levels higher.
US 10 YR Treasury Daily Chart
US 2YR Treasury Daily Chart
Inflation will continue to be the driving factor behind the Fed’s rate hike decisions. Until they see 2%, expect life to be more expensive.
The information below is for subscribers. Only $13 a month. You get the following.
QQQTRADES Stock Idea List
QQQTRADES Dividend Stock/Covered Call Ideas
QQQTRADES Intermediate Term ETF Buy/Hold/Sell List
Keep reading with a 7-day free trial
Subscribe to QQQTrades.Club to keep reading this post and get 7 days of free access to the full post archives.