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Tuesday, September 13, 2022 8:58:39 AM
HEY LUCKY... THE SEPTEMBER TO REMEMBER GOES ON....
https://www.zerohedge.com/economics/us-consumer-prices-blow-away-expectations-rise-27th-straight-month
US Consumer Prices Blow Away Expectations, Rise For 27th Straight Month
Tyler Durden's Photo
BY TYLER DURDEN
TUESDAY, SEP 13, 2022 - 08:37 AM
Expectations for a 0.1% MoM drop in CPI has set the squeeze-algos on fire in recent days as the small drop signals 'peak inflation' and goldilocks and a unicorn-filled Fed will step back and declare victory (with a lag). Short-term interest-rates - however - have not been buying that dovish story, so how the market reacts to today's print will be fascinating given the technical background of extreme negative delta and positioning, and now momentum. The market was pricing in a 90% chance of a 75bps hike by The Fed next week ahead of the CPI print.
Headline CPI came hotter than expected rising 0.1% MoM vs expectations of -0.1% MoM. That is the 27th straight month of rising inflation.
BTFD....RIGHT...!
https://assets.zerohedge.com/s3fs-public/styles/inline_image_mobile/public/inline-images/2022-09-13_05-33-57.jpg?itok=s26foucr
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