We had the latest CPI numbers. They came in slightly hotter than expected. But the market seems muted.
The hotter CPI may complicate things a little in Fed’s inflation fight. But I think it’s unlikely to change the probability of Fed pausing their rate hike campaign for the upcoming FOMC meeting, which is taking place next week. If anything, they will probably raise in Nov.
Anyway, whether the Fed pause or raise interest rate, volatility will likely be here to stay as the macro environ...