A better-than-expected CPI means better market?
@MaverickWealthBuilder：
October CPI is the most important data this month, which shall partially affected the Feds dotplot. The YoY rate 7.7% is much lower than the consensus of 7.9%, also a new low since February, which means CPI fell to the level before Russia-Ukraine war. It rose 0.4% MoM, which is also better than market consensus of 0.6%. Core CPI without energy and food increased 6.3% YoY, better than the market consensus of 6.5% and last month's 6.6%. Why is the market so scared? Gas prices rebounded in October, and Shelter cost, the major weight, has an upward acceleration trend since June. But in fact, the market overscared.From MoM perspective, energy pri
