1. Yes came in as forecasted but it was still an increase in...

1. Yes came in as forecasted but it was still an increase in inflation and a rate hike will therefore be applied.

2. Inidications suggest a 0.25% hike but there still may be a chance of a 0.5% hike because there is no FOMC meeting in April.

3. Gold dipped yesterday after the CPI print on the basis that rates will go up in March.

4. I also have heard about the prelim discussions on rate cuts (QE) to commence as early as H2 2023.

5. The VIX also dipped yesterday after the print so it does look like the market has responded well to the CPI print.

Certainly interesting times ahead.

If we get the binding offtake agreement finalised and announced asap, that will protect us from any headwinds because our cashflows are guaranteed.

All these folks that talk about recession reducing purcahse of luxury cars etc need to realise that if we have a binding offtake agreement, our cashflow is guaranteed and not reliant on car sales, unless our pricing is percentage of market rates.