Posted 11/14/2023, 2:27:00 PM
Inflation Cools in October, Raising Hopes of Peak Interest Rates
- Consumer prices rose less than expected in October, bolstering speculation that interest rates have peaked.
- JPMorgan analysts see cooling inflation data as a sign the economy is moving back to the Fed's 2% target.
- JPMorgan analysts disagree that bringing down prices further will be difficult.
- There is limited evidence of a wage-price spiral or corporations/workers pushing prices/wages higher.
- JPMorgan previously advised investors to sell bonds and stocks and buy commodities.