October’s Consumer Price Index: Lower Inflation Impact | Episode 071 | 11-14-23
In the latest episode of Markets with Megan, Verdence Capital Advisors’ Chief Investment Officer, Megan Horneman, provides her insights on the October Consumer Price Index release. The report revealed lower-than-expected inflation, with the headline CPI remaining flat for the first time since July 2022. Megan talks about the decline in vehicle prices, used cars, airfares, and a significant drop in gasoline prices as contributors. Both stock and bond markets responded positively, signaling the market’s confidence that the Federal Reserve may maintain its current stance in December without further adjustments. She also focuses on the ongoing need for progress in addressing persistent challenges, in areas like sticky inflation related to wages and services.
