Market View: State of the US economy, Prospects for federal funds rate to reach 5-7% , Disney's new CEO

Your Way Home with Hongbin Jeong · Nov 22, 2022 · 13m

The US economy and stock market are in focus as investors mull mixed signals coming out in recent days. Earlier, consumer prices in the country jumped 7.7% on-year in October, the smallest yearly increase since January. Similarly, producer prices also increased less than expected at 8% for October, providing more evidence that inflation was starting to subside. While investors took that as sign for the Fed to take its foot off the pedal, St. Louis Fed President James Bullard said terminal federal funds rates could reach the 5 to 7% range, dampening hopes of a Fed pivot. But what is the…