CPI Updates (8/10/23)

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Good morning traders. Now that CPI is through I will be giving my morning letter.

CPI rose 0.2% which was slightly under what traders were expecting but here’s the truth. Over the next 40 days there will not be an FOMC meeting and therefore today’s print as important to the market as some may make it out to be.

That being said the market is pricing in the fact of 90% of no hike making the Fed’s job over .

Analyst Upgrades