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S&P 500 Technical Analysis - Consolidation on a key support

Yesterday, the US CPI report came basically in line with expectations as the market was already expecting higher energy prices to push up the August inflation readings. The Core measure, which is what the Fed is focused on, was in line with forecasts with the monthly figure just a touch higher than expected. The core 3-month annualised rate is now 2.4%, which is a good indicator for the Fed that their policy is working well. Now, the question is whether the labour market softens enough to bring... Read More

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Content Topics

Technical

Analysis

Consolidation

Support

Forex

Posted: Sep 14 2023, 06:06

Author Name: forexlive

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