^^^^ +1s for excellent early morning reportings 🙂
While CPI was in line with predictions, JULY marked an increase over JUNE
While “K” & “WALL STREET” don’t factor in FOOD/GAS — prices at pump are up about 30-40 cents in SW VA
OPEC cutbacks + heavy use of our USA strategic OIL reserves + lack of drilling, etc.
could keep OIL prices high & FOMC has no choice but to keep on raising rates?
Still, equities are starting off SUPER GREEN & it’s RALLY TIME on WALL STREET
The Consumer Price Index (CPI) rose 0.2% over last month and 3.2% over the prior year in July, in line with June’s 0.2% month-over-month increase but higher than June’s 3% annual increase. Economists surveyed by Bloomberg had expected a 3.3% yearly increase in July.