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Monday, December 23, 2024
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HomeVideo NewsHow January's CPI print 'throws a monkey wrench' at Fed charge...

How January’s CPI print ‘throws a monkey wrench’ at Fed charge cuts

January’s hotter-than-expected inflation information has upended market expectations in keeping with NYSE Senior Market Strategist Michael Reinking, who informed Yahoo Finance’s Madison Mills that “financial information can be the reason for volatility.”
From the ground of the New York Inventory Change, Reinking says January’s Shopper Worth Index (CPI) print “throws… a monkey wrench” into assumptions that the Federal Reserve’s tightening cycle was close to its finish with rate of interest cuts on the horizon. Now, the chances of preliminary charge cuts have been pushed again to Could.
For extra skilled perception and the newest market motion, click on right here to observe this full episode of Yahoo Finance Reside.
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