U.S. inflation levels dropped slightly in January, sliding from 6.5% to 6.4%. However, inflation remains higher than expected, causing concern among investors that the U.S. central bank will continue to hike the benchmark federal funds rate.Inflation in the United States exceeded expectations among analysts and economists for January 2023. The U.S. Labor Departmentthe Consumer Price Index on Feb. 14, which measures the value of goods and services across the country.
Furthermore, core CPI rose 0.4% over the month and 5.6% from the previous year. According to the U.S. Labor Department, “The index for shelter was the main contributor to the monthly all-items increase, accounting for almost half of the rise, with food, gasoline, and natural gas indexes also contributing.” The latest inflation report has caused concern among investors that U.S. Federal Reserve Chair Jerome Powell will continue to raise rates.the federal funds rate by 0.25%.
CVS acquiring Oak Street Health, Kroger buying Albertson, which bought Safeway. Non discretionary Retail locking in Earnings bonanza by Consolidating. As Commodity/Energy inflation recedes, Retail resisting to follow. Wage & Deficit inflation on the Horizon.
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