I am watching the US inflation report today. The estimate is that the April inflation rate will come in at 8.1% compared to 8.5% last month. This report will have a major impact on the US stock and bond market. A higher-than-expected inflation rate in the report today at 8:30 AM will take interest rates and the US dollar higher and the stock and commodity markets lower. The opposite will happen if the inflation rate comes in lower than expected.
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