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Phil Orlando: January CPI report is good news for the Federal Reserve
GateNewsBot
ChainCatcher News, according to Jinjishi, Federated Investors Chief Equity Strategist Phil Orlando stated that the January inflation report in the United States was better than expected, especially in nominal terms, which is good news for the Federal Reserve. He believes that as leadership transitions from Powell to Waller, the Federal Reserve will cut interest rates three times within a year. Despite strong labor market data causing market declines, inflation performed better than expected, and the downward trend in inflation is expected to continue.
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