I know election news is dominating headlines but there’s a dearth of coverage on the CPI which I think will have a huge effect on stocks tomorrow (announced before market open).
I read FactSet has an economist poll of 7.9% year over year forecast. Others sources have an average forecast of 8%. If true that’s a reduction in the rate of inflation but still very high of course. But the Cleveland Fed has a 8.1% forecast and they’ve been probably the most accurate forecaster. If true I think we could take the next leg lower.
What are your thoughts?
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