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공개 February 15th 2023

Markets Insider - US stocks fall after CPI report

"Perfect spoiler for Valentine's day: markets were expecting (hoping, praying) to get further confirmation that a) peak is in and b) decline is at least steady, if not accelerating. This is critical for the disinflationary narrative and any hope for fed cuts this year. We got neither," Jan Szilagyi, CEO of investment research firm Toggle AI, wrote in a note.

A "big culprit for persistent inflation is shelter - so focus will be on [Fed Chairman Jerome] Powell's thesis that this should decline meaningfully into year end," wrote Szilagyi. "If not, hiking cycle could be with us for a lot longer."

Read more on Markets Insider.

Markets Insider - US stocks fall after CPI report

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