Phil Orlando: The January CPI report is good news for the Federal Reserve
ChainCatcher News, according to Golden Ten Data, Federated Investors Chief Equity Market Strategist Phil Orlando stated that the US January inflation report was better than expected, especially at the nominal level, which is good news for the Federal Reserve. He believes that as leadership transitions from Powell to Waller, the Federal Reserve will cut interest rates three times within a year. Although strong labor market data led to a market decline, inflation performed better than expected, and the downward trend in inflation is expected to continue.
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