The Fed: Higher For Longer But No Rate Increase -- Tea Leaves -- September 13, 2023

Locator: 45632ECON.

Today's CPI report:

The market must have liked the report. Although not by much, all indices turned green after the report.

Subsequently, but still pre-market, all indices (except oil) turned red.

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The Book Club

The Gettysburg Cyclorama. Link here.

Lewis Armistead. Wiki.

This is why it gets a bit confusing (oval):