Inflation is showing no signs of slowing. The Consumer Price Index (Inflation) rose .4% in September after rising .1% in August. Year to year it rose 8.2%. This is bad news for the FED meaning they have no option than to raise interest rates again in the fight against inflation. In addition the Jobless Claims rise to highest levels in 7 weeks. US Equity Futures took a dive, meaning the NYSE is likely to open lower on the open at 9:30am EST. This is a potential big Risk OFF trade. Lets wait for the open before getting into a trade.
There was a problem reporting this post.
Please confirm you want to block this member.
You will no longer be able to:
See blocked member's posts
Mention this member in posts
Invite this member to groups
Message this member
Add this member as a connection
This action will also remove this member from your connections and send a report to the site admin.
Please allow a few minutes for this process to complete.