Reported 11 days ago
October's Consumer Price Index (CPI) report revealed a 0.2% monthly and 2.6% yearly increase in inflation, aligning with expectations. HSBC's Willem Sels notes that while inflation remains persistent, the latest figures showed no surprises. He emphasizes that future inflation trends will depend significantly on the policies of the incoming Trump administration, suggesting the Fed will likely hold off on immediate changes to interest rates as it assesses these impacts on the economy.
Source: YAHOO