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Writer's pictureRosbel Durán

📝Inflation Data Taking Pressure Off The Fed: Commerzbank

Today's data should reinforce the market's view that the Fed will not raise its key interest rates any further (this has also been our forecast for some time). After all, Fed Chairman Powell had made it clear that the decision would depend primarily on the labor

market and inflation data. The latest employment report showed a further cooling in job creation. Supply and demand on the labor market have thus come more into balance, as desired by the Fed. Today's inflation figures take further pressure off the Fed, especially the fact that the slight acceleration in core inflation seen in August and September has not continued. - Commerzbank




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