Speed ​​reduction optimism overshadows hot inflation

It was a great day for the market as all three major US stock indices closed at record highs on Wednesday.

According to the Labor Bureau, it shows that tariffs are likely to cause heat of inflation, despite US consumer prices growing every few months more sharply than expected in August.

While the monthly inflation reading overshot estimate from the Dow Jones survey was 0.1 percent points, both annual and annual core data appeared as expected.

Certainly, it’s not that comfortable. If the expected expectations are confirmed in an unpleasant scenario, the stab wound will not be taken away.

That said, inflation data came with another report showing weekly unemployment claims in the US have risen to the highest level in nearly four years.

“Today’s CPI report is busy with unemployment claims reports,” wrote Sheemashya, Chief Global Strategist of Principal Asset Management.

This reinforces the narrative that the US Federal Reserve will lower at least 25 basis points during the meeting next week.

But it’s important that the Fed not only celebrate the possibility of rate cuts next week, but also chew on what Chairman Jerome Powell has to say about the economy and monetary policy.

Trump’s pressure on Europe to slap 100% tariffs in India and China raises eyebrows

US President Donald Trump reports that he asked the European Union to take tariffs up to 100% on China and India as Russian oil purchases raised eyebrows on both sides of the Atlantic.

It’s unlikely that the EU will acquiesce, analysts say. Not only is the Bullock wary of adopting Trump’s controversial tariff strategy and burning its own bridge between India and China, but the complex EU trading relationship with Russia is also highly unlikely.

– Holly Eliatt