The market awaits the Fed’s final rate decision of 2023 and Chair Jerome Power suggests that any decision made will be based on data. October's Consumer Price Index (CPI) — one of the inflation indicators that gauges the state of the US economy — is due out this week
Lakshman Achuthan, Co-Founder of the Economic Cycle Research Institute, joins Yahoo Finance Live to take a closer look at recent forward-looking data. Achutan predicts inflation may stay higher for longer as econcomic patterns point to the fact that the US may be in a "cyclical breakdown."
For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
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November 14, 2023 at 12:26AM
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Fed could keep rates higher for longer while processing data - Yahoo Finance
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