Motivence Economic Sentiment Meter: Inflation Decelerated - Fed less stressed?
US inflation decelerated in July
CPI, vs. prior year increased 8.5% which was cooling off from 9.1% from last months YoY increase. All that means is that inflation has decelerated, especially in comps with most estimates. There has been an impact because of the decline in gas and food (in relation to prices), therefore, next step is to see what this means for the September Fed meeting.
Tesla sales to help de-charge twitter fire sale?
Elon Musk has offloaded ~$32B in Tesla shares over this past year to be able to purchase Twitter shares if forced into buying them.
Like chips & not the salty kind?
Micron would invest $40B in US chip manufacturing through 2030 (thanks to CHIP dollars); Qualcomm committed to an additional $4.2B; GlobalFoundries to boost manufacturing by 50% in the next five years.