Why is the CPI data important?
There was a farce on Tuesday when a fake CPI report circulated online, spooking investors in midday trading.
The U.S. consumer price index (CPI) for June will be released at 8:30 am ET on Wednesday. Market players are focused on what could be the last potential market driver before the second-quarter earnings season gets into full swing.
The U.S. consumer price index (CPI) for June will be released at 8:30 am ET on Wednesday. Market players are focused on what could be the last potential market driver before the second-quarter earnings season gets into full swing.
The Consumer Price Index (CPI) is a measure that examines the weighted average of prices of a basket of consumer goods and services, such as transportation, food, and medical care.
The CPI is one of the most frequently used statistics for identifying periods of inflation or deflation.
The CPI is one of the most frequently used statistics for identifying periods of inflation or deflation.
In order to curb high inflation, the Federal Reserve raised interest rates by a sharp 75 basis points last month. Fed officials had previously signaled a 75 basis-point rate hike this month.
If the CPI data continues to soar, it means that the inflation situation will be more severe. That's when the Fed must do more to cool the economy. If it falls short of expectations, the market will be encouraged to believe the pace of inflation may slow.
Quiz of Today:
When the CPI is too high, be alert to the risk of ______.
When the CPI is too high, be alert to the risk of ______.
A. Deflation
B. Inflation
C. Deflation and inflation
Leave your answer in the comments.
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Mike Hunt : Inflation
dino dinosaur : a Inflation
doctorpot1 : B. Inflation
ChengWuHong : B Inflation
energetic Otter_9814 : B inflation
Milk The Cow : B. Inflation
![undefined undefined](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36)
102149849 HH : Like
70686901 : B. Inflation.
cola1010 : B. Inflation![undefined undefined](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36)
![undefined undefined](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36)
1994CM : B. Inflation
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