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  • Consumer Price Index - October 2021

    From bls.gov

    The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.9 percent in October on a seasonally adjusted basis after rising 0.4 percent in September, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 6.2 percent before seasonal adjustment. The monthly all items seasonally adjusted increase was broad-based, with increases in the indexes for energy, shelter, food, used cars and trucks, and new vehicles among the larger contributors. The energy index rose 4.8 percent over the month, as the gasoline index increased 6.1 percent and the other major energy ... (full story)

Added at 8:32am

  • Consumer price index surges 6.2% in October, considerably more than expected

    From cnbc.com

    Inflation across a broad swath of products that consumers buy every day was even worse than expected in October, hitting its highest point in more than 30 years, the Labor Department reported Wednesday. The consumer price index, which is a basket of products ranging from gasoline and health care to groceries and rents, rose 6.2% from a year ago. That compared to the 5.9% Dow Jones estimate. On a monthly basis, the CPI increased 0.9% against the 0.6% estimate. Stripping out volatile food and energy prices, so-called core CPI was up 0.6% against the estimate of 0.4%. Annual core inflation ran at a 6.2% pace, compared ... (full story)

inflation 6.2 ? wow
FED: We are going to raise rate LOL
No stress...It is transitory.... 3 years later...still transitory.
Thats not nice for U.S. population, but it does not look like it wants to slow down. Fed is going to have to do something to slow it down
I get tired of throwing crap at the FED even though they deserve it all. We all know they aren't going to change their inept route for bringing the economy. I just wonder how long will it take for the FED to admit we got it wrong.
maybe gold will back again to 1900 if inflation too high
So what does this mean for the currency? Newbie here!
Alan Greenspan would have raised rates to 1.0% by now!
Quoting Jaydatrader
So what does this mean for the currency? Newbie here!
What it SHOULD MEAN is that it is time to hike the USD to 1.0% ASAP, no waiting, forget about tapering, cool the freaking economy down NOW!
Quoting Momofrmnyc
I get tired of throwing crap at the FED even though they deserve it all. We all know they aren't going to change their inept route for bringing the economy. I just wonder how long will it take for the FED to admit we got it wrong.
Politicians and central bankers never come to the conclusion that they got it wrong. It just take longer time for markets to prove them right..but man this must hurt
transitory -- like temporary income tax from WW1!
Euro, US, UK, China are going to high inflation LOL
  •  Guest
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Gold and silver to the moon. Just broke the resistance and formed a nice support days ago. Throw your dollars and buy metals.
money are going to Franc and Gold
I'm shocked to see the Bullish news of USD which means GOLD must go down. But the scenario is different here. USD pairs are going down instead of going up and Gold pairs going up instead of going down.
Market craaaaaash
Quoting Jaydatrader
So what does this mean for the currency? Newbie here!
depend on trade balance
  •  Guest
  • | IP XXX.X.42.248
Raise the rate please ...
Transitory hyperinflation
Quoting Banditten
{quote} Politicians and central bankers never come to the conclusion that they got it wrong. It just take longer time for markets to prove them right..but man this must hurt
You're right we just get so tired of this repetitive game of drop the ball. The FEDs are the kings of dropping the ball and never admitting fault.
gold pump. break R, so TP: 1869
Fake usd bull shock
TP1: 1869
TP2: 1904 mid term
I'm a Technical Analyst but here's a Q for the Fundamentalists: the narrative for the strengthening USD is that rising inflation MUST mean that the FED rate will rise and it will be a virtuous circle for a period but what if the FED just keeps putting off the day of reckoning and inflation canters away or even that inflation canters way despite the behind-the-curve transitory theorists? What will the new narrative be?
DOW = 35K
NASDAQ = 15K

Or lower
why the fed not panic with today data ? no comment from fed members. Something big will happen today
the FED needs a normal person on the board.... you know someone who has actually bought a loaf of bread or gallon of milk in the past 6 months just to stand up and randomly scream "Bread was 20% higher today than yesterday!"
Quoting DaJoWaBa
I'm a Technical Analyst but here's a Q for the Fundamentalists: the narrative for the strengthening USD is that rising inflation MUST mean that the FED rate will rise and it will be a virtuous circle for a period but what if the FED just keeps putting off the day of reckoning and inflation canters away or even that inflation canters way despite the behind-the-curve transitory theorists? What will the new narrative be?
Look at history in the 1970's under Jimmy Carter.

Inflation continues higher and higher putting many of the working poor underwater while the elites in their Wall Street condo's just bitch about higher costs. As the economy continues to heat up those who can least afford inflation suffer as food, energy and housing prices soar.

Inflation of 2-4% is bearable with a good economy but this is too much too quickly.
Quoting fxsport
{quote} Look at history in the 1970's under Jimmy Carter. Inflation continues higher and higher putting many of the working poor underwater while the elites in their Wall Street condo's just bitch about higher costs. As the economy continues to heat up those who can least afford inflation suffer as food, energy and housing prices soar. Inflation of 2-4% is bearable with a good economy but this is too much too quickly.
Yes, expect that BUT in the context of the USD?
Relax and watch the big movies ahahaha
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I guess banks and other investors aren't scared at all of this transitory inflation LOL. Usually is good to go against the crowd (when the majority of retail are buying certain pairs, you should sell). It works like a charm .
  •  Guest
  • | IP XX.XXX.242.129
how would you know where the retailers are at?
The central bankers, acting on behalf of the establishment of the Western world sat down and agreed to add a zero to their currencies, over the next 20 years, to pay for both Covid and a mounting social security shortfall.

Nothing democratic about it. The man on the street can't understand that their democratic system is a lie.

What did we do about it? Nothing....nothing at all. Pathetic.
Quoting DaJoWaBa
I'm a Technical Analyst but here's a Q for the Fundamentalists: the narrative for the strengthening USD is that rising inflation MUST mean that the FED rate will rise and it will be a virtuous circle for a period but what if the FED just keeps putting off the day of reckoning and inflation canters away or even that inflation canters way despite the behind-the-curve transitory theorists? What will the new narrative be?
then they would lose credibility ,funds rate is a small piece of the cost of money ,the free market control the money cost less the amount of QE being implemented
I mean if the Fed are at 0% think about how much scope they have to affect things as appose to a normal 4-5% to alter the cost
@ 4-5% fed funds thats when central banks matter all they can do is talk the market off the ledge right now

the fed are painted in a corner with high inflation
  • Post #36
  • Quote
  • Edited at 1:23pm Nov 10, 2021 1:01pm | Edited at 1:23pm
Interest rates would spike up should they stop QE or should they loose the transitory theme all on their own
This hot cpi will probably be a nail in that inflationary 'build back better' scheme coming up after the already passed inflationary infrastructure program.

Its inflationary because there is no way US can balance the books ,they need new $'s to finance it all after a huge monetary expansion already .
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Quoting DaJoWaBa
{quote} Yes, expect that BUT in the context of the USD?
BUT?

But what?

USD is toast thanks to all the printing presses 24/7 (LONG TERM)

When the sky appears to be falling then USD and CHF become the currencies of last resort before the alien invasion occurs...
Damn look at the 10yr reacting
Hopefully it's temporary. Hard to gauge the real impact when you have a one-off year like COVID.
Quoting Vancarbon
{quote} What exactly do you propose WW3361 ? I agree with your sentiment and feel your angst . Come on . Get real . The masses can't organise a "p*ss up in a brewery " . Keep them happy , feed them the propaganda and an episode of Coronation street with a Mac D , and that's it they're sorted . If you have a valid suggestion , spill the beans ?
We are pathetic... was the message. Trade accordingly.
gold update plez tell me today
Quoting Banditten
{quote} Politicians and central bankers never come to the conclusion that they got it wrong. It just take longer time for markets to prove them right..but man this must hurt
im wondering why USDCHF getting stronger after the news release! it usually has a negative correlation with gold.
Inserted Video
Quoting Vancarbon
{quote} Doesn't that just summarise the whole predicament Bones . For all the rhetoric ( we have the tools etc ) they forgot about the most effective method ( interest rates ) to control the thing they've created . Deliberate ploy ? Ultra low interest rates , massive debt , and an asset bubble created by the new policy ( MMT ) Really ! What could go wrong . I ask you ? Inflation , perhaps ! Who knows .
Of course they forgot it because while the debt burden has been constant the debt has ballooned ,
they can't afford that high rates ,so we should expect even more crazy in a crisis situ , full on MMT ?
rather than use the actual tools known to man
Quoting Robert1991
No stress...It is transitory.... 3 years later...still transitory.
You know the score here NOTHING gets done till it gets REALLY BAD. Line for line copying policy from the last two trimes this happened.

Quoting BaliBoyz80
maybe gold will back again to 1900 if inflation too high
I cannot see gold south of 2000 by the end of 2022 certainly not south of the 1860 today. What happens inbetween i dont care.

Quoting kminler
transitory -- like temporary income tax from WW1!
Or maybe "temporarily suspending the dollar from the gold standard"?

@bonsey
"the fed are painted in a corner with high inflation"
One hundred pereffingcent!!!!!!!
Quoting Bones
https://www.youtube.com/watch?v=wNcl86z1XjA
The last line!!!
"all of that sounds murky and difficult to me!"
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