Hi Sally,Yea the headline figure of 9.1% was a 'shock' but that...

Hi Sally,
Yea the headline figure of 9.1% was a 'shock' but that is a lagging indicator,( rear view mirror) what I think the market and the gold price is telling us is that the real driver of inflation has been the cost of oil/fuel and the fact that oil is now under $100 pb ($96 at the moment) it bodes very well for a lower print next month. So if this is the peak in inflation and the trend has indeed started to turn lower, hedge funds and the like will start positioning themselves for this now. The fed has said that it will be data driven, so over the next couple of weeks if oil continues its path lower which might be assisted by Bidens visit to Saudi to increase production etc we might just be seeing an easing/slowing of interest hikes by years end. Stock market 'Bulls' should start to factor this in now and the 'Bears' will be concerned about last nights price action and may close some of their short bets. Just maybe we have reached peak negativity.

Go the LEO.

all imo and DYOR
Regards
Finn