Hello everyone. Today I'm gonna make some forecast about the US CPI for September 2022.
As we all know that Oil price retreated on September 2022 and from the chart you can see that there is some minor bullish momentum on 8.3% CPI reading but retreats below afterwards and this will be a good sign that the US CPI on September 2022 will have a lower reading. I'm forecasting around 8.1%-7.8%. Even though the reading is a positive sign but it is still far from the FED goals of targeting to 2% inflation as they highlight more that 3 times after the JHole symposium. I am feeling committed that we are going to have another 75 basis points in October FOMC meeting. Thus, we will see another DXY rally towards 121. Have a safe trade tomorrow.