My investing muse - UAW strike, inflation, interest rate & Ukraine
@KYHBKO:
My investing muse - UAW strike, inflation, interest rate & Ukraine Inflation and interest rate Most eyes will be fixed on the Fed with their coming interest rate decision. Most are expecting the hike rate to pause with a probable one more rate hike by the end of the year. The latest CPI figure may have matched expectations but there was an increase of 0.6% Month on Month (MoM). This implies that things are still getting more expensive over time. With OPEC+ reducing their daily oil production by 1.3 million barrels per day (bpd), the oil price has crossed the USD$90 mark recently. This should be sustained till the end of the year. Strikes UAW strike has taken place with about 13,000 union workers involved. The strike is affecting the automakers GM, Ford and Stellantis. While the demands