CPI Report Gives Fed 'Wiggle Room': iCapital's Amoroso

The video discusses the significant market reaction to recent positive inflation data, highlighting a decrease in food prices, durable goods, and used car prices. The monthly inflation print is down to 0.4%, a positive step towards the 2% year-over-year target. However, challenges remain, such as high shelter inflation. The discussion also covers the Federal Reserve's potential policy adjustments, with a focus on future interest rate hikes and market expectations.

What is the significance of the monthly print being .4 in the context of inflation?

What implications does the inflation report have for the Federal Reserve's future actions?