Inflation’s “fever has broken” as October data softens – By Courtenay Brown & Neil Irwin (Axios) / Nov 14, 2023
Disinflation is back: October’s Consumer Price Index shows further progress on inflation, an about-face from September data.
Why it matters: The cooler data is the latest to suggest more subdued, though not falling-off-a-cliff, economic activity.
- That’s in contrast to a run of September data that pointed to the economy heating up. It raised concerns that America’s inflation problem might stick around longer and require further monetary tightening to quell.
What they’re saying: “The inflation fever has broken in the United States,” wrote Bill Adams, chief economist for Comerica Bank, in a note.
CONTINUE > https://www.axios.com/2023/11/14/october-cpi-inflation-fed
