Strategist: Powell's Signal Clearly Reflected in CPI Report

BlockBeats News, November 15th, LPL Financial's Chief Global Strategist Quincy Krosby stated that Federal Reserve Chairman Powell delivered a message that the market did not want to hear, but this message was already clearly reflected in the last CPI report, that is, the Fed cannot yet declare victory in its efforts to curb inflation.

Various interpretations of the CPI report indicate that some believe the Fed may cut rates in December, while others warn that the year-over-year increase in inflation suggests the downtrend in inflation is losing momentum. Although the final mile to price stability may be bumpy, Powell once again reminded the market that the Fed will not implement the series of rate cuts they desire unless the labor market deteriorates - a scenario the market certainly does not want to see. (FXStreet)