CPI Shows ‘Promising Signs’, But Overall Data Picture Obscured
Description
Sonali Basak gives her takeaways from the CPI report and highlights “promising signs” of inflation easing. She also discusses government data collection issues and delays compounding as the shutdown continues, and how the market is turning to private data releases instead, which don’t have the whole picture. She thinks the Fed now has room to support the jobs market with multiple rate cuts. However, because of the lack of data, there could be volatility in markets.
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