Oil’s weeks-long downtrend has not yet been broken, as of the time of writing. A confluence of negative market projections in the U.S. and a slowdown in China, among other factors, could be the cause.
Tomorrow, the minutes from the Federal Reserve’s most recent meeting will be released. Traders could be waiting for clarity about the Fed’s decision-making process and what’s next on Wednesday afternoon.
Walmart, Target, and Lowe’s are all expected to release quarterly earnings reports in the next two days. They may reveal crucial information about recent U.S. consumer behaviour in an inflationary environment.
This article discusses the CPI, one of the most important measures of inflation. Find out how the CPI is calculated, what it is, and what the latest CPI results are.
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