According to BlockBeats, on November 15, Quincy Krosby, chief global strategist at LPL Financial, said that Federal Reserve Chairman Powell conveyed a message that the market did not want to hear, but this message was clearly reflected in the last CPI report, that is, the Federal Reserve cannot declare victory in its efforts to curb inflation.
Various interpretations of the CPI report suggest that some believe the Fed may cut interest rates in December, while others warn that rising year-on-year inflation suggests that the downward trajectory of inflation is losing momentum. While the last mile to price stability may be bumpy, Powell once again reminded the market that the Fed will not implement the series of rate cuts they want unless the labor market deteriorates - which the market certainly does not want. (Jinshi)
