The October US CPI inflation hit 2.6%, aligning with expectations, while core inflation remained steady at 3.3%, complicating the Fed's decision on rate cuts.
Despite a slight rise in core inflation, concerns remain due to its persistence above 2%, which threatens both economic stability and potential Fed policy adjustments.
Current inflation trends, especially in the shelter sector, are flagged by the Fed, indicating a complex interplay of components influencing the CPI and PCE assessments.
Market reactions to yield movements illustrate a disconnect, suggesting many investors anticipated higher inflation numbers, though the overall data appears supportive of continued easing.
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