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  • Consumer Price Index - August 2021

    From bls.gov

    The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.3 percent in August on a seasonally adjusted basis after rising 0.5 percent in July, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 5.3 percent before seasonal adjustment. The indexes for gasoline, household furnishings and operations, food, and shelter all rose in August and contributed to the monthly all items seasonally adjusted increase. The energy index increased 2.0 percent, mainly due to a 2.8-percent increase in the gasoline index. The index for food rose 0.4 percent, with the ... (full story)

Added at 8:34am

  • Consumer price index rises 5.3% year over year in August vs 5.4% estimate

    From cnbc.com

    Prices for an array of consumer goods rose less than expected in August in a sign that inflation may be starting to cool, the Labor Department reported Tuesday. The consumer price index, which measures a basket of common products as well as various energy goods, increased 5.3% from a year ago and 0.3% from July. A month ago, prices rose 0.5% on the month. Economists surveyed by Dow Jones had been expecting a 5.4% annual rise and 0.4% on the month. Stripping out volatile food and energy prices, the CPI rose just 0.1% for the month vs. the 0.3% estimate, and 4% on the year against the expectation of 4.2%. The 5.3% ... (full story)

Added at 8:37am
Transitory i guess
ok it's transitory!
BS: we have an election recall in CA, so we need "good numbers"...
USD index falling hard！！
I might start thinking that these numbers are f... up and are not the real ones. I think they are slightly higher. Don't know why I don't believe these numbers... but yes. It is normal to start to drop a little, but eventually, it will go up higher. Prices still rose everywhere and wages start growing slowly.
This is 5% annual inflation people! That is NOTHING to so easily dismiss. Remember 2% (TWO) is the goal.
Quoting fxsport
This is 5% annual inflation people! That is NOTHING to so easily dismiss. Remember 2% (TWO) is the goal.
that why they use average of 2 pct
annual inflation 5,3% still consider by the FED more than target..
Finally: CPI used car prices -1.5% m/m, which is biggest drop since November 2016 because people still cannot afford to buy
  •  Guest
  • | IP XX.XXX.38.189
No taper now. Or more "talk" about it to stimulate markets. 2022 not looking like a good year. Reverse repo looks worrying too. USD short, anyone?
I am still new to fundamentals, correct me if I'm wrong, This would mean that the fed would be raising rates soon as the inflation is rocket high atm. The current drop in USD is simply a short market reaction. Anybody willing to help me and explain?
Quoting fxsport
This is 5% annual inflation people! That is NOTHING to so easily dismiss. Remember 2% (TWO) is the goal.
To the point. It may come out a bit below estimates. But that doesnt change the essence.its a stellar number. 5%. Thats a lot!
  •  Guest
  • | IP XX.XXX.50.239
Hi, can someone please explain to me l don't understand this, the forecast was 4.2, the previous was 4.3, todays news release is 4.0 how come Nasdaq or Dow Jones is bullish now.
so tapering will come in September
Quoting fxsport
This is 5% annual inflation people! That is NOTHING to so easily dismiss. Remember 2% (TWO) is the goal.
I do agree with you that the number is still very high relative to the 2 percent target. However, considering that during this time last year prices were falling, it's not that severe.
5% infation, maybe no tapering, but maybe the fed will rise the rate, so maybe again usd will weak until the fed rise the rate.
so market make price manipulation ........ only for structure
I'll be sure to tell them when I go to the grocery store this morning.
  •  Guest
  • | IP XX.XXX.38.189
Quoting Guest
Hi, can someone please explain to me l don't understand this, the forecast was 4.2, the previous was 4.3, todays news release is 4.0 how come Nasdaq or Dow Jones is bullish now.
Because the fed is funding the purchase of assets. If they raise rates then they hurt the stock market. If they taper they hurt the stock market. Because inflation was below what is expected, lots believe Fed will remain dovish on rates/taper. Therefore, weak USD, and more money printing to purchase assets.
Quoting Guest
Hi, can someone please explain to me l don't understand this, the forecast was 4.2, the previous was 4.3, todays news release is 4.0 how come Nasdaq or Dow Jones is bullish now.
This is a bullish news for the stock market in general. This is because interest rate hike is not good for stocks and given that this news generally confirms what the FED has been saying that inflation is transitory, it makes more sense for stocks to rally since this means that the likelihood of the FED increasing interest rate anytime soon just became lower.
  •  Guest
  • | IP XX.XXX.212.158
Boom
Actual CPI below than before and below than forecast.

EUR/USD and GBP/USD bullish

USD/JPY and USD/CHF bearish
markets are manipulated why wouldn't you think news is the same
Quoting Noahchanborg
I am still new to fundamentals, correct me if I'm wrong, This would mean that the fed would be raising rates soon as the inflation is rocket high atm. The current drop in USD is simply a short market reaction. Anybody willing to help me and explain?
No too sure. They fed has thrown in curve balls like: "average inflation of 2%"or "we are happy to let inflation run hot" or "we believe this inflation is transitory" So, as FXSport points out: inflation is 5% for the year. This is A LOT, but because Powell has been reluctant, I believe lots think this inflation needed to knock it out the park in order to press for taper/rate hike. So, now the dovish argument from the FED may have some legs left in it. They might leave things as they are.
  •  Guest
  • | IP XXXX:9abf:1701
Beartrap
Quoting MuliawanSam
Actual CPI below than before and below than forecast. EUR/USD and GBP/USD bullish USD/JPY and USD/CHF bearish
You got that completely backwards - wait until 5 pm and you'll see.
If you people think that this "lower" CPI is good for stocks better watch out for this:


Attached Image
Pullback USD strong again this weekend
Yesterday's shill article from the lefties at CNBC. Trade your chart, forget FUNNY-MENTALS.

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https://www.forexfactory.com/news/11...ion-continuing
  •  Guest
  • | IP XXX.XX.129.98
Funny mentals.. what is the inflation rate for shares?
We just had end-of-year reporting season in Aussieland and I can read. I can also use a calculator. Most blue chip top tier shares are on stoopid earnings ratios. To payback the purchase price of a share is something like 30 years (assuming the dividend is constant). Pick a popular share and do the math yourself. Shares are so overbought because
(A)Fed money simply keeps calling up the market. How much does the Federal Reserve own? Well, that is secret - there is little transparency in "the system", therefore it deserves the demeaning term - "The Rig".
(B)Employment is high and the Super has (for years) merrily streamed into the market looking for a return. Most fund advisors would say "buy the blue chips". Well, guess again, the best shares just dropped a lot -I'm talking about BHP and WPL- because woke board members. BHP slid from $54 to $40 and WPL from $24 to $19. Top Tier investments... not. And look at the dividends... [ cue FX - merry-go-round-organ ]
  •  Guest
  • | IP XX.XXX.175.255
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