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END OF DAY REPORT JULY 10thUS CPI YY, NSA* (Jun) 3.0% vs. Exp. 3.1% (Prev. 4.0%)

Darren Krett

Tuesday, 11 July 2023

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MORNING MINUTE JULY 11th

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morning report

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Morning everyone, Darren at Leviathan Financial. , very quiet summer session to look forward to today again. S& P is going to be unchanged, volatility slightly softer. , even the short term interest rates which have been moving around are pretty static. , this is we, as we all await tomorrow’s CPI, which will hopefully give us an indication as to whether or not the Fed will be raising rates again in the July meeting.
And the indications have been that we will get a softer CPI. , there was commentary yesterday about the used car market having collapsed recently, , to pre pandemic levels. , so that will be a good indication that maybe the… Foot is off the pedal as far as inflation goes, but we shall have to wait and see we’ve already had out one number out today Business optimism index, which came out slightly better than expected And really doesn’t have that much relevance anyway So other than that everyone as usual, good luck trading and have a great day

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