CPI 7.7% YoY -0.2% From Expected
Risk On
Whoever thought we would be bullish with a 7.7% CPI! Well its all about where you start in regards to perception and its why the Federal Reserve has raised as fast as they have. They know they cannot let this high inflation persist so it becomes accepted! Anyway, CPI came in lower, thus Risk is On!
LiveSquawk.com reporting:
US CPI (M/M) Oct: 0.4% (est 0.6%; prev 0.4%)
US CPI Core (M/M) Oct: 0.3% (est 0.5%; prev 0.6%)
US CPI (Y/Y) Oct: 7.7% (est 7.9%; prev 8.2%)
US CPI Core (Y/Y) Oct: 6.3% (est 6.5%; prev 6.6%)
Technical resistance levels in SP and NQ below:
