Inflation cooled to 3.2 % in October.
This is a startling contrast to the inflation peak of 9.1% in June 2022
Loans are much less likely to go on to default as inflation comes down.
Fed chair Jerome Powell casts some doubt on holding rates steady in the coming months, and this should help ease the Fed's mind in keeping the interest rate steady and possibly reaching a turning point.
The economy would benefit drastically if the interest hike reached a peak, and starts to turn around.
The economy would benefit drastically if the interest hike reached a peak, and started to turn around. rate, international conflicts, and trade wars all play a significant role in guiding the market's macroenvironment.
“In October, the Consumer Price Index for All Urban Consumers was unchanged, seasonally adjusted, and rose 3.2 percent over the last 12 months, not seasonally adjusted. The index for all items less food and energy increased 0.2 percent in October (SA); up 4.0 percent over the year (NSA).”
https://www.bls.gov/news.release/cpi.nr0.htm
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