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At the same time, there have been few indications that tighter monetary policy is severely hurting the economy, backing the idea that prices can cool further without damaging growth.
Both asset classes have ripped higher in November following a months-long wobble, fueled by hopes that the Fed was unlikely to deliver any more of the rate increases that have spurred volatility throughout markets since early last year.
Data bolsters view Fed can bring down consumer prices without hurting the economy
A benign U.S. inflation report is bolstering the view that the Federal Reserve can bring down consumer prices without hurting the economy, a so-called Goldilocks environment that investors believe... -November 14, 2023 at 01:33 pm EST - MarketScreener
A benign U.S. inflation report is bolstering hopes that the Federal Reserve can bring down consumer prices without hurting the economy, a so-called Goldilocks environment that investors believe will benefit stocks and bonds. Both asset classes have ripped higher in November following a months-long wobble, fueled by hopes that the Fed was unlikely to deliver any more of the rate increases that have spurred volatility throughout markets since early last year. Inflation data released on Tuesday supported the view that a turning point is near: consumer prices were unchanged on a monthly basis fo...