Lates News

Alexandra Wilson-Elizondo of Goldman Sachs Asset Management stated that the market had already prepared for strong inflation data, so today's data in line with expectations brought some relief. However, this may be the best overall inflation reading we can see in the near future because the data may only partially reflect the full impact of the Iran conflict, which at one point pushed U.S. crude oil and gasoline prices up by about 70%. She added, "The Fed has room to remain patient and there are plenty of reasons to do so. Today's data buys the Fed some time, but the real test is still ahead."