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Strategies & Market Trends : Humble1 and Swing Trading Friends
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From: humble110/11/2023 6:39:58 PM
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Could be gapper upper ZOOMER. Always important but now more than usual at a possible inflection point. Would leave an island drifting south:

Message 34252966

The consumer price report for September will be released Thursday morning. Economists surveyed by Dow Jones are forecasting a 0.3% month-over-month increase, and 3.6% rise from the prior year. Investors believe that the strength of inflation indicated in the report will play a key part in whether the Federal Reserve decides to maintain or raise interest rates at its two-day meeting beginning Oct. 31.

The data comes following a stronger-than-expected producer price index for September.

[August’s] CPI print was a bit stronger than we anticipated, though the downward trend in core inflation persisted. We would hope for that to continue, [but] will be keeping a close eye on the pass-through of higher energy prices into broader inflation in the months ahead should they persist,” said Vanguard senior economist Andrew Patterson.

These too:

Traders will also be keeping an eye out on jobless claims numbers for the week ending Oct. 7. Atlanta Fed president Raphael Bostic and Boston Fed president Susan Collins will be giving remarks Thursday afternoon, which could give Wall Street more insight onto the central bank’s stance.
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