IT's a pause

 

October CPI inflation: Just what the Dr. recommended

not the end.

"The market expects (at 100%, according to the CME FedWatch tool) the Fed to be done increasing interest rates this year and are already pricing in lower rates starting in May of 2024. But as we have said previously, what is happening, once again, is just the opposite of what Fed officials would like to see and underscores Fed Chairman’s Powell argument during the press conference after the November Federal Open Market Committee (FOMC) decision to keep interest rates unchanged that the institution was not confident of having done enough to keep inflation on a downward trajectory."

Hey?

At least they finally got something right for once.

:-).