Post-CPI Market Reaction Calls an End to Very Strong Market Trends

Markets Last Thursday’s US October CPI release still dominates the debates. The relative small downward surprise (headline 0.4% M/M & 7.7% Y/Y; core 0.3% M/M & 6.3% Y/Y) triggered an outsized market reaction. They flipped odds for the outcome of the December Fed policy meeting completely towards 50 bps where FOMC Chair Powell after the […]

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