October CPI: Game Changer or Head Fake?
October’s Consumer Price Index (CPI) had some encouraging news for investors, but others asked, “Is this a game changer or another head fake?”
While it’s a bit early to know the answer, it was great to see that inflation rose at a slower-than-expected rate in October. The financial markets welcomed the report as investors hoped the news might influence the Fed’s decision about future rate adjustments.
Fed Chair Powell knows that few financial events can be as devastating as high inflation over time – especially for those living on a fixed income. So, the Fed has been committed to raising short-term rates this year to slow the economy and, in turn, slow inflation.
So, if you held my feet to the fire, would I say the CPI report was a game changer or a head fake? Well, I’m 100% optimistic that the Fed is committed to managing inflation and the current CPI trend appears to be moving in a constructive direction.
Mary may be reached at (520) 495-2800 or Mary@schulzfinancialgroup.com.
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This material was prepared by MarketingPro, Inc. for use by Mary Schulz