Technical Analysis

Apple head Tim Cook says there is clearly wage inflation, in logistics also

More from the AAPL conference call, CEO Cook in the high levels of inflation:

  • “There’s clearly wage inflation. There’s inflation related to logistics as well, if you compare it to pre-pandemic kind of levels.”

The Federal Reserve is set to hike the funds rate again next week (meeting November 1 and 2) and even further in December and more in 2023.

+75bp is the consensus for next week’s hike.

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