đ„QUICK UPDATE!
The US Inflation Rate (CPI) has moved down from a peak of 9.1% in June 2022 to 2.4% today.
What's driving that decline?
Lower rates of inflation in every major component: Fuel Oil, Gasoline, Used Cars, New Cars, Food at Home, Apparel, Gas Utilities, Medical Care, Electricity, Food away from Home, Shelter, and Transportation.
A lot of investors where expecting a CPI below 2.3% to signal a bullish wave đ€. However, with a CPI of 2.4% market players may react bearishđ€Ą in the short term as they anticipate rate cuts hopefully in November, 2024.