August CPI Up with Energy Commodities Down

You don’t have to listen to the news very closely to hear the August Consumer Price Index went up.
https://www.bls.gov/news.release/cpi.nr0.htm
That isn’t good because now the rumors are the Fed might raise interest rates 100 basis points.
https://bit.ly/3S6HiVR
That isn’t good especially for folks looking at trying to qualify for a mortgage. We have already seen rates hitting multi year highs.
https://bit.ly/3QMQT32

The biggest news could be this…
CPI went up even though energy commodities went down.

It seems to me that the downward trend might reverse after the first Tuesday of November which isn’t long after when the DOE will end their withdraws from the SPR.
https://bit.ly/3eIqypr
You can visit our previous video to read more about that.

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This video is meant for educational or entertainment purposes only. This video is not a solicitation. I am not a lawyer, CPA or financial advisor and I am not giving legal, financial or tax advice.