February 2022 Consumer Price Index – Expecting 8%+
February 2022 Consumer Price Index – Expecting 8%+
The February 2022 Consumer Price Index is being released this week with the expectation above 8%, which would put it as one of the all time high recordings.
Jim Welsh of Macro Tides talks with Blake Morrow to discuss what happened this week and why the SPX still should correct to the 4000 level before bouncing higher. He discusses haw the market is trading around the Ukraine crisis and how the markets will look towards the CPI data next week. He also talks about how the FOMC will be raising rates in a couple weeks regardless of what is happening in Ukraine and Russia due to the higher CPI expected next week.
//SPONSOR – EIGHTCAP ✅ https://www.eightcap.com/en/?cxd=3624…
Eightcap was founded in Melbourne, Australia, in 2009 with a simple, clear mission: to provide exceptional financial services to their clients. The broker is committed to building a home for MT4 and MT5 traders. This fundamental principle remains at the core of everything they do at Eightcap, and they believe staying true to it is pivotal to their success. Now with five offices across the globe and regulation in multiple locations, they provide clients worldwide with the ability to trade on a broad range of markets across FX, Indices, Cryptos, Commodities and Shares.
They are an award-winning broker who is focused on traders security and peace of mind. They deliver a personalized trading experience and create an ultra-efficient technology infrastructure for traders to trade on. That’s why they have been awarded the Best Global Forex MT4 Broker 2020 at the Global Forex Awards and, more recently, been named the Best Crypto Broker at the AtoZ Market Awards, 2021.
JWelsh@SmartPortfolios.com
20220307
