It’s time to check in on global inflation and things continue to crawl along at nearly 3 percent inflation but with oil remaining stubbornly high near or above $80/barrel it won’t bode well for next month’s inflation report.
For the top 3 US partners, inflation is also crawling along above desired targets.
The average inflation rate for the U.S., Mexico and China is 3.61 percent. The Fed has difficult decision in the upcoming months, lower rates and risk inflation spikes or keep rates high and instigate a recession. We’ll keep an eye on it so stay tuned, stay profitable and stay solvent…