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.
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