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Fed's Waller says market has overreacted to consumer inflation data: 'We've got a long, long way to go'

Por: MarketWatch Politics November 14, 2022

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“The market seems to have gotten way out in front over this one CPI report. Everybody should just take a deep breath, calm down. We’ve got a ways to go ” Waller said. Investors cheered, released Thursday, driving stocks up to their best week since June. The S&P 500 index closed 5.9% higher for the week. The data showed that the yearly rate of consumer inflation fell to 7.7% from 8.2%, marking Inflation had peaked at a nearly 41-year high... + full article



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