The Fed raised interest rates 25 basis points today but the real story is the raging inflation around the world. Let’s take a look at the US top trading partner inflation.
Despite 9 rate hikes by the Fed, the highest and sharpest increase in Fed hikes in recent history, inflation has barely come down in the U.S. but it’s seems to have a negligible effect on global inflation.
It is slightly better with the Top 3 U.S. trading partners, let’s take a look.
While the inflation in the US, Canada and China has had a minor reprieve with inflation, Mexico is still struggling with high inflation although all are trending down.
We expect more market volatility as we move forward with the new higher Fed funds rate so stay tuned, stay profitable and stay solvent…