Promising CPI data this morning (PST) seems to have powered all three major US indices to solid green. CPI (and core CPI) showed that prices rose less in October compared to September and the rate seems better than estimates. Falling gas prices definitely helped and this report has increased confidence in the narrative that Feds' policies are working and soft landing seems very much likely. Treasury yields also retreated. We will get more data this week to solidify conclusions at least for this year.
top of page
bottom of page
Comments