Optimism about reducing speed is covered with hot inflation

It was a stellar day for markets as all three major US stock indices closed on record highs on Wednesday.

This is despite the sharp than the monthly rise in consumer prices in the United States in August, the labor department reports, signaling that tariffs are likely to increase inflation.

While the monthly reading inflation exceeds the Dow Jones survey by 0.1 percentage points, the annual reading, and the monthly and annual basic data as expected.

Of course, this is not great comfort. The expectation of an unpleasant scenario is confirmed that his sting is not selected.

In view of this, inflation data was accompanied by a separate report, which showed weekly demands in the US, which increased to the highest level in almost four years.

“Today’s CPI report was fabricated by a report on no work,” ” wrote Seema Shah, Chief Global Asset Management Strategist.

This strengthens the story that the US Federal Reserve will reduce the rates by at least 25 basic points during its meeting next week.

But with so many travel to the Fed, it is very important not only to note the possible rates next week, but also to chew the fact that Chairman Jerome Powell must say about the economy and monetary policy.

Trump’s pressure on Europe on Lip 100% tariffs on India and China raises eyebrows

US President Donald Trump is reportedly asked for the European Union to smear tariffs up to 100% in China and India for their Russian oil purchases, raised eyebrows from both sides of the Atlantic.

According to analysts, the EU is unlikely to agree. The block not only is cautious about the adoption of Trump’s controversial strategy and the burning of its own bridges with India and China, the complex trading relations with Russia also take such a step quite unlikely.

– Holly Elitt