Have we reach the BOTTOM?? [serious] [Doubt]
U.S. Consumer Price Index Surges 9.1% in June, Hottest Rate in Over 40 Years. [OMG]
The energy index rose 7.5% M/M, contributing almost half of the all-items increase.
Gasoline index jumped 11.2%.
Food index increased 1.0% in June.
Several factors such as housing stand to keep price pressures elevated for longer.
Geopolitical risks including Covid lockdowns in China and Russia war in Ukraine also pose risks to supply chains and the inflation outlook.
The broad pressure in the core rate, led by plenty of inertia in rents, suggests inflation may not peak for a while, and might remain stubbornly high for longer than anticipated. [Blush]
Federal Reserve officials may debate a historic one percentage-point rate hike later this month after another searing inflation report.[Gosh]
So, when will be the bottom??[serious] [NosePick]
Coming earning report of US leading growth stock will be one of the crucial factor for this question.[666] [Bless]
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