Fed Chair Jerome Powell recently noted that interest rates are at levels where the Fed can pause and watch the data.
A CPI reading above expectations would hurt markets, reducing the chance of future rate cuts.
Conversely, a lower-than-expected CPI could spark a market rally heading into Christmas.
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Today’s 🇺🇸 CPI release is key.
Fed Chair Jerome Powell recently noted that interest rates are at levels where the Fed can pause and watch the data.
A CPI reading above expectations would hurt markets, reducing the chance of future rate cuts.
Conversely, a lower-than-expected CPI could spark a market rally heading into Christmas.