Markets now recognize disinflation approach
Fed tightening cycle over the past 40 years Haver Analytics, Rosenberg Research The CPI came in at +0.4% M/M for October, much better than the consensus estimate of +0.6%, and the Y/Y number, a Fed favorite, fell to 7.7 % versus 8.2%. The financial markets rejoiced. Tech-heavy indices, which had been hardest hit in recent …