We finally compiled the chart for the August inflation and while there was progress the prior months, that all started to change in August. Let’s get to it.
The average inflation had been dropping about 1/2 a percent every month ever since the Fed started raising interest rates however with oil climbing up and hitting $93 over the past couple of months we are now seeing a rise for the average.
Looking specifically at US, Canada, Mexico and China, the top 3 trading partners, inflation bumped up in Canada and the US the past cycle. Mexico has contained inflation by keeping interest rates at a whopping 11.25 percent.
With a hot jobs report, it will be tough for the Fed to not take action and raise rates again in November but we will need to wait and see what happens. In the meantime, stay tuned, stay profitable and stay solvent…