A Comment -- General Comments From an Expert (A Commentary)

Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research. Breaking Down the CPI Inflation Reading. The 0% month-over-month change against the prior month helped to alleviate the previously high inflation reading of 9.1% in June, and this was the result of the gasoline index declining by 7.7% in July, which offset increases from the food and shelter indexes. The food index rose 1.1% for July, which marks the seventh consecutive monthly increase of at least 0.9% or higher. The energy index declined by 4.6% in July after facing large increases in May and June. Shelter is seen to continue rising but at a decelerating pace. Unlock Premium - Try 5i Free

Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research. The markets have been climbing back over the past couple of weeks amid a slew of economic events. The Federal Reserve announced its interest rate decision in late July, hiking interest rates by 75 basis points, and preliminary numbers for the Q2 US GDP came in around (0.9%). The Q2 Canadian GDP preliminary growth numbers came in at 4.6%, demonstrating resilient economic growth in the face of inflation and monetary tightening. Oil continues to trade lower, and top executive comments about subsiding supply chain constraints and inflationary pressures provide investors with a glimmer of hope. The US inflation reading came in at 8.5%, lower than analyst forecasts of 8.7%, and this has fueled a risk-on rally. In this market update, we aim to break down the US inflation reading and what to expect going forward. Unlock Premium - Try 5i Free