Shortly after the release of the October CPI report, our US Economics team held a client briefing all about the October report and the inflation and growth outlooks and how they’ll shape Fed policy. They answered client questions and addressed key issues, including:
- The latest price data and what they say about headline and core inflation’s path back to target;
- How US economic growth will pan out over the remainder of this year and into 2024;
- Why we think markets are underestimating the scope for Fed rate cuts next year.