JP Morgan CEO Dimon says people are overreacting to short-term numbers on inflation ...Middle East

Dimon with the party-pooper comment. The data on inflation that came out Tuesday in the US ICYMi:US October core CPI +4.0% y/y versus +4.1% y/y expectedResponse:US 10-year yields fall below 4.50% on soft CPI, near the bottom of the rangeWSJ's Timiraos: It's obvious, the Fed is on holdStrong start for the major US indices after lower-than-expected CPIAUDUSD skyrockets, targets key moving averageSoft-landing elation grips marketsS&P index up 2%. Largest gain since January 6US 10 year yield tumbles below 4.5%The Fed has reached the terminal point in the hiking cycle, CIBC drops call for Dec hikeThere is more euphoria, I ran out of patience sticking the links in. This article w

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JP Morgan CEO Dimon says people are overreacting to short-term numbers on inflation ...Middle East

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