Powell 'Put' about to be breached. Labor supply is outstripping demand, U.S. inflation is now imbedded into the economy which is running on the spot. Going nowhere. Fed may not wait for other Central Banks to get on board. A 1.00% rate rise is on the cards.

Can the Federal Reserve wait for other Central Banks to get on board ala in tackling inflation with interest rate hikes?   The July 27th  Powell 'Put' is about to be breached at 3968, with a  1.00% sell off on the S&P 500 closing at 3987, as U.S. job openings blew out over 1 million (forecasts were for 10.4 million).  The Bureau of Labor Statistics release showed a 11.2 million increase, indicating the the Federal Reserve is way behind the curve on the distortion/s between labor supply and demand, a classic example of imbedded inflation in the U.S. economy.  In simple terms, businesses are raising costs at an extreme percentage rate, more so food and energy related companies, while demand is outstripping employment.  General Productivity is beginning to crimp and stagnate.  Every cost is being past onto the consumer, who is demanding further pay increases.  It is the inflation feed back loop from hell.

The Fed may trigger a 1.00% rate rise at their September meeting.  

I see the S&P 500 breaching its support of 3933 (red line beneath the Powell 'Put') and moving down towards 3890.

Trade wise.