US stocks trade mixed as investors turn their attention to upcoming October inflation report
Investors are expecting inflation to have slowed slightly in October, but remain still above the Fed's 2% long-run target.
Source: yahoo.com
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Investors are expecting inflation to have slowed slightly in October, but remain still above the Fed's 2% long-run target.
"We haven't completely solved the inflation problem," Minneapolis Fed president Neel Kashkari said on Monday.
Optimism has finally returned to stock markets
"I listened to Powell's press conference and I think he's just as confused by all the different data points as everybody else,"
At its policy meeting Wednesday, the Fed said it would hold the federal funds rate steady in the 5.25% to 5.5% target range.