The Y/Y (Year over Year) number came in at 8.6% versus the consensus of 8.2% the M/M (Month over Month) was 1% and consensus was 0.7%.
Inflation is just getting hotter and this next week the FOMC meeting starts. It is obvious that the FED waited too long to raise interest rate to slow down inflation. Would expect another .50% rate hike but should probably be more to help the inflation stabilize sooner.
Price Increases over last 4 years... CPI Medical Care: +7.9% CPI Apparel: +12.7% CPI New Cars: +20.4% CPI Food at home: +21.4% CPI...
### Abbott Laboratories (ABT) Overview **Company Information:** - **Name:** Abbott Laboratories - **Ticker:** ABT - **Industry:** Health...
Market Outlook for the Week of August 12, 2024 Current Market Performance: S&P 500 : 5,344.16 (+0.47%) Dow Jones Industrial Average :...
Comments