It’s time to check in on global inflation and things continue to crawl along at nearly 3 percent inflation and central bank around the world don’t appear to be in a hurry to cut rates.
For the top 3 US partners, inflation is also crawling along above desired targets but has been disturbingly moving in the wrong direction.
The average inflation rate for the U.S., Mexico and China is 3.65 percent up from 3.61 percent a month ago. 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…