I’m just trying to find my happy place.

Wednesday the CPI Consumer Price Index and Thursday the PPI Producer Price Index for Retail Sales comes out. These are two important gauges of inflation for the FEDs.

Remember the FEDs are data driven.

Definition of CPI: It is the Measure of the overall change in consumer prices based on a representative Basket of goods and services over time.

Forecast for tomorrows CPI is 3.6% from 3.3% but the Core CPI estimate is 4.3%. But it’s down 0.2% for July from 0.6%.

Definition of Core CPI: Is the change in prices of goods and services, except for those from the food and energy sectors.

In a nutshell, Inflation is not going away. The FEDs may say, one more rate hike then we are done.