CPI came out below than expected.
With CPI numbers coming out yesterday below than exepected, inflation rate has also came down to 7.7%. The markets in turn rallied.
The question that is on everyone's mind is "Is this the beginning of a proper rally into the marketsor is this another dead cat bounce?"
Although inflation rate has come down to 7.7%, but it is still not good enough for the FED. They want the target of 2%. To achieve this, they have to continue to keep raising rates to achieve their goal. Therefore, I think that this is just a relief rally before more downside pain is experienced.
But on the flip side, those who have positions in banks outside US should benefit as increasing interest rates would mean that the bank's balance sheet and profits will go even higher!
What are your thoughts? Comment down below!
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
- Carrotski·2022-11-11👍LikeReport
- annabg·2022-11-11OkLikeReport
- GraceSaw·2022-11-11[OK]LikeReport
- SLHengHuat·2022-11-11thanksLikeReport
- Ohohoo·2022-11-11OLikeReport
- Kelistine·2022-11-11👌LikeReport
- DURH·2022-11-11goodLikeReport
- Ashish·2022-11-11okLikeReport
- Victorng83·2022-11-111LikeReport
- Fiona888·2022-11-11kLikeReport
- Rick13·2022-11-11okLikeReport
- Kaycee·2022-11-11[OK]LikeReport
- xiaochoochoo·2022-11-11goodLikeReport
- timganzw·2022-11-11okLikeReport
- Tqt213·2022-11-11OkayLikeReport