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Strategist: Powell's signal is clearly reflected in the CPI report
Quincy Krosby, Chief Global Strategist, LPL Financial: Fed Chairperson Jerome Powell has delivered a message that the market doesn't want to hear, but it was made clear in the last CPI report that the Fed can't yet declare a victory for its inflation-curbing actions. Various interpretations of the CPI report suggest that some believe the Fed may cut interest rates in December, while others warn that higher year-over-year inflation indicates a decline in inflation.
2024-11-14 22:57:56
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