Following a three-decade high of 6.2% in October, US annual inflation could rise even further in November.
Ahead of the data to come out on Friday, some economists predict that inflation will be 6.8% in November. The prediction comes amid supply chain disruptions and demand following re-opening.
"Essentially, the pandemic made it harder for the world to produce stuff and move it around," Reade Pickert and Matthew Boesler wrote for Bloomberg.
"The government shored up incomes in the crisis like never before, so households remained eager to spend. And a combination of lockdowns and Covid caution meant their purchasing power was focused on consumer goods instead of services."
Moving lower for three straight days is viewed as a bearish sign. Keep an eye on this stock for future declines. Considering data from situations where GOVT declined for three days, in of 295 cases, the price declined further within the following month. The odds of a continued downward trend are .
Category IntermediateGovernment