CPI data coming out.
Previous unemployment data showed more people working.
More people working = more spending = higher inflation = expect CPI to be higher.
Fed announced they are reducing tapering.
Expectation. Fed may increase rates soon after.
Previous unemployment data showed more people working.
More people working = more spending = higher inflation = expect CPI to be higher.
Fed announced they are reducing tapering.
Expectation. Fed may increase rates soon after.
(These posts are intended to keep Elliot Wave alive since everyone and their grandmother only does Supply/Demand nowadays.)