WSJ Timiraos is on This would bring the year-over-year rate down to 2.7% from 2.8%.
The market knows that the Fed does not want to tighten rates. The market knows that the Fed views rates as restrictive. The Fed also sees a strong jobs market. The gains relative to inflation have been considerable, but given the economic situation, there is no need to ease the pressure now.
This does not mean that markets will not be able to rebound if the figure increases from 2.8% to 2.7%. Profits will also start to be a priority in the future.
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