Inflation came on the screws right on expectations, market reaction seems weird to me.
Would long this for scalp.
YoY Growth:
🇺🇸 CPI (Aug), 2.9% Vs. 2.9% Est. (prev. 2.7%)
🇺🇸 Core CPI, 3.1% Vs. 3.1% Est. (prev. 3.1%)
MoM Growth:
🇺🇸 CPI (Aug), 0.4% Vs. 0.3% Est. (prev. 0.2%)
🇺🇸 Core CPI, 0.3% Vs. 0.3% Est. (prev. 0.3%)
From X
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