QUICK TAKE - U.S. Inflation, markets surge
November 10, 2022 (Investorideas.com Newswire) From Nigel Green - CEO of deVere Group, one of the world's largest financial advisory, asset management and fintech organisations
"U.S. inflation has cooled more in October than was generally expected -- but it is still way too hot for the Federal Reserve to step down from its agenda of interest rate hikes just yet.
"Despite the positive data, the Fed will keep its foot on the brake of the U.S. economy for the time being, meaning a fifth consecutive 50 basis-point increase in interest rates is possible, if not likely, next month.
"That said, today's inflation data is likely to excite the markets because it means the Fed is now more likely to signal it will slow down its rate-hiking pace in months to come."
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