Analysts Discuss Market Reaction Following CPI Report

According to PANews, analysts Jersey and Hoffman have commented on the market's reaction following the release of a Consumer Price Index (CPI) report that was largely in line with expectations. The report has provided some relief to those concerned about rising inflation. Jersey noted that given the strong economic momentum, the Federal Reserve is likely nearing the end of its rate-cutting cycle. He suggested that the Fed might implement its final rate cut in March, contingent on upcoming data. For the Fed to continue cutting rates beyond that point, consumers may need to significantly reduce their spending.