Fed rate hikes may end as inflation cools down
US consumer prices increase slowed and core CPI also showed an unexpected cooling down in October, indicating that the rate hike cycle may have ended. The US has achieved an economic soft landing without triggering a recession. As CPI data was released, the 10-year yield fell to 4.44% and tech stocks performed well.
CPI is one of the world's most closely-watched economic indicators because changes in the CPI are used to determine the inflation rate. A higher CPI indicates higher inflation, while a falling CPI indicates lower inflation or deflation. In the US, the Federal Open Market Committee (FOMC) generally aims to maintain inflation rates at around 2%. To learn more, check out course on moomoo Learn: Understanding the CPI
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
Read more
Comment
Sign in to post a comment
Moomoo Learn Official Account
Easy learning at moomoo Learn.
Let's trade smarter！
20KFollowers
105Following
24KVisitors
Follow
Tommy Ray Gonzales : told u atop fucmi with. e drity hoe