While inflation in the United States seems to have moderated a bit, that doesn’t appear to be the case with the top 10 trading partners of the United States. United Kingdom and the Netherlands has huge jumps in inflation.
And while U.S. inflation has come down, the average inflation across all trading partners is still climbing. The top 3 trading partners aren’t any better:
China, Canada and Mexico all have elevated levels of inflation. The Federal Reserve meets about a month from now in September and they will likely need to continue to raise interest rates to contain not just inflation in the United States but around the world.
In the meantime, stay tuned and stay solvent…