What just happened in the US economy? ๐ฎ
Core CPI inflation in the United States just dropped to 2.6%, the lowest level since March 2021. This caught many by surprise โ just weeks ago, the trend looked very different ๐.
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Only three months ago, inflation hit a six-month high. The October CPI report was largely dismissed due to unusual factors and data noise. Now, this latest number flips the narrative, signaling real cooling under the surface ๐ฅโก๏ธโ๏ธ.
This has major implications for interest rates. Lower core inflation eases pressure on the Federal Reserve and strengthens the case for potential rate cuts in the months ahead. Bond yields often react quickly, and stock markets typically view this as a positive signal ๐.
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Policymakers, however, will remain cautious. One report doesnโt establish a full trend. Upcoming data on jobs, wages, and consumer spending will be key to confirming whether inflation is genuinely cooling or just taking a short pause โณ.
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