Citi Reports UK Inflation to Hit 18.6% in January
-FT
https://www.ft.com/content/778e65e1-6ec5-4fd7-98d5-9d701eb29567
Shopping Through A Recession: How US Retail Sales Are Impacting Giants Such As Walmart, Target
After the gasoline index fell 7.7% in the month of July, consumers continued their shopping habits, despite rising prices at retailers and grocers.
Fed Sees More Rate Hikes Ahead As Inflation Battle Continues, But Pace Of Policy Could Slow
The SPDR S&P 500 (NYSE: SPY) spiked higher Wednesday afternoon after Fed minutes showed that officials agreed to keep hiking rates enough to cool down the economy in their meeting last month.
USA NAHB Housing Market Index for Aug 49.000 vs 55.000 Est; Prior 55.000
USA NAHB Housing Market Index for Aug 49.000 vs 55.000 consensus estimate. The prior reading was 55.000.
USA University of Michigan Consumer Sentiment for Aug 55.100 vs 52.500 Est; Prior 51.500
USA University of Michigan Consumer Sentiment for Aug 55.100 vs 52.500 consensus estimate. The prior reading was 51.500.
Why Bitcoin Prices Are Higher Following July CPI Inflation Reading
Bitcoin (CRYPTO: BTC) prices gained 3.7% on Wednesday and Ethereum (CRYPTO: ETH) prices gained 8.8% amid a rally in risk assets following the July consumer price index (CPI) inflation reading.
USA CPI (YoY) for Jul 8.500% vs 8.700% Est; Prior 9.100%
USA CPI (YoY) for Jul 8.500% vs 8.700% consensus estimate. The prior reading was 9.100%.