Inflation 3.01% - what now?
Inflation data was released this week, and it was 3.01%
Last month was 2.92% (which is an increase from last month)
And my forecast was 2.76% (which is an increase from my forecast)
However, the market still continue to go up.
​US and Canada inflation are both elevated this month but market did not go down
In other words, inflation at 3% is the new normal and it isn't enough to break the market.
This coming week, Fed will announce another interest rate cut.
I am still overall bullish for the market unless Fed is doing something surprising (e.g. not cutting rate or even increase interest rate) ​
Cheers,
Eric
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Eric Seto
Chartered Professional Accountant (CPA)
Chartered Investment Manager (CIM)
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Inflation 3.01% - what now?
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