No, Jay Powell won't quit raising rates. Investors are simply taking advantage of huge sell-off yesterday.
Inflation peaking? Link here.
Inflation went down faster than expected in October, dropping to a year-over-year rate of 7.7%.
Inflation is down from its 9.1% June year-over-year peak, but still nowhere near the Federal Reserve’s benchmark target rate of 2%.
Taking flight: link here.
- Bookings down but fares up = nice returns for airlines.
Ukraine: attacks Russians retreating from Kherson; Moscow never requested "green corridor."
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