https://market-ticker.org/akcs-www?post=255960
The August CPI report, which it appears the AI trading systems all thought (after the first instant reaction) was good was in fact hideously bad. People are claiming that "gasoline" was most of it and so says the narrative; it showed a 3.9% monthly increase. What's not in that narrative was not up 3.9% -- it was up a stunning 10.1 percent on the month and an even-more stunning 52% cumulative 12 month change and, by the way, that was sampled well before the latest price spike this week of course! What is that component? Fuel oil otherwise known as diesel.
Absolutely everything you consume that has a physical component to it gets to you as a result of diesel fuel.
Yeah, it'll all be ok says Trump and whoever else.
NOT.
PS: The IRX is trading 3.882% as I post this. That is above the 3.75% upper band of Fed Funds and the Fed does not lead the market, it follows it. Yes, that can change before the rate decision next week but as it stands now the Fed is going to raise rates.