It’s time to check in with the top US trading partners and inflation for September.
The biggest winner in the inflation battle seems to have been The Netherlands with a huge drop down to 0.2 percent inflation for September. Overall, inflation has moderated down to an average of 3.88 percent for the top 14 US trading partners on the list and the United States.
Looking at the top 3 trading partners for the United States:
While China and Mexico have managed inflation down, there have been upticks in both the United States and Canada in September. Since April 2023, Mexico has had central bank rates at a whopping 11.25 percent.
source: tradingeconomics.com
The next Fed meeting is November 1st and 2nd and is expected to pause despite the uptick in economic news and data. The ten year US treasury broke 5 percent today and oil is above $90/barrel as of the time of this post. In order to find out what happens next, stay tuned, stay profitable and stay solvent.