Alert 🚨!!: Today is USA CPI
Today is CPI and I think traders should prepare for a volatile not just only CPI but this week is going to be more volatile because tomorrow is FOMC/ FEDs press (Dec,13th,2023) .
The Consumer Price Index is often used for evaluating inflation. CPI growth indicates an increase in inflation.
The index is used for the adjustment of wages and social payments. Also, CPI is used for adjusting the income tax structure and in the calculation of real GDP.
CPI growth is seen as positive for dollar quotes.
BLU!!
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