CPI Offers "Sigh of Relief" for Fed, South Korea & China Show Global Tech Gap

The latest CPI print gives markets room to “breathe,” with Cooper Howard arguing the Fed is likely to avoid another rate hike this month. However, he cautioned that inflation risks remain elevated, implying the disinflation trend may not be fully settled. Overall, the news supports a near-term pause in tightening but keeps rate risk in focus.

Analysis

The latest CPI print gives markets room to “breathe,” with Cooper Howard arguing the Fed is likely to avoid another rate hike this month. However, he cautioned that inflation risks remain elevated, implying the disinflation trend may not be fully settled. Overall, the news supports a near-term pause in tightening but keeps rate risk in focus.