09/13/2022
New CPI report came out this morning and it was off expectations. How do you think this will affect the market? CPI report came in at 8.3% which is .2% less from July and .8% less from June.
Is it bullish to say that cost in some areas have gone down and we just need to work on the cost of the other areas that are inflated?
Or
Is it bearish to say that we still have a long way to go before these rate hikes cool down?
Any thoughts?