CPI Released: 75BPS Rate Hikes A Thing Of The Past?
b'Consumer Price Index or CPI data was better than expected. "It was nice to see the trend of the core inflation rising since June be broken. The headline figure has been on a downward trend since that June high. I think the upcoming commentary from Fed speakers will be that the velocity of the interest rate hikes can come down a bit. 75BPS could be a thing of the past as 50BPS or 25BPS rate hikes could come into play," says Michael Zarembski.'