Here’s What to Expect from Today’s CPI Number. 9/13/22
Twitter shareholders are reportedly voting in favor of Elon Musk’s $44 billion takeover bid today. Former SEC commissioner Sarah Unger discusses what’s to come. Plus, economists are expecting price gains to slow to 8% year-on-year in the August CPI report out this morning. Former Federal Reserve Vice Chairman Roger Ferguson gives his thoughts. And, traders are pricing in a 92% chance that the Fed will hike rates by 75 basis points for a third straight meeting next week. Potomac Wealth Advisors President Mark Avallone and Truist Advisory Services Co-CIO Keith Lerner kick off the trading day.
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