Us inflation is at multi year resistance.it shows inflation has already peaked. once it will start coming down markets will rally to the upside. Will markets makes new ath sooner or later ? Well who knows?? Ask yourself that question.
Will fed stop rising rates for now? Very unlikely. Will fed could consider lowering the basis points ? Most likely. Will fed do it in upcoming meeting (23rd sep'22) this month? Unlikely.
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The upcoming fed meeting is on 21'st of sep'22.
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check this chart now.
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inflation cool down to 7.70 now.
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inflation cool down to 6.50 now.
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JUST IN: 🇺🇸 FED Chair Jerome Powell says he "expects 2023 to be a year of significant decline in inflation."