Inflation data signals and end to interest rate rises. November 14, 2023
The monthly measure of retail level prices in the US, Consumer Price Index, posted a light decline from September's +3.7% year/year level to +3.2%. The trade estimate was +3.3%. Lower than expected inflation “growth” has helped the solidify the trade's view that the Federal Reserve is done with interest rate rises for the foreseeable future.
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