CPI numbers for Sep was a bit higher than the expectations today.
USA’s Sep CPI was 8.2% year on year base, it was 8.3% in Aug.
Year on year based CPI has been downed for third straight months.
It was 9.5% in last June. Came down significantly, but still way too higher than FED’s target.
That means, FED will raise the rate once more in Nov 2nd, FOMC meeting.
Food and rent costs were those main factors of the strong inflations this time.
Job market in US started to tighten up now, more people lost their jobs and asking for unemployment claims.
However, US stock market rallied huge.
DJ Index was up by 2.7%, S&P 500 Index was up by 2.4% and NASDAQ was up by 2.0%.
