While the world Given the fact that FTX may be heading to zero, Elon Musk continues to make headlines with changes to Twitter policy — sometimes it seems — and the US midterm election results are still in, there could be some fair headwinds for the tech. Companies.
This morning, the United States released new inflation numbers, CNBC reported that the consumer price index or CPI rose 0.4% in October and 7.7% from the same month a year ago. Against the expected expansion of 0.6% and 7.9% respectively, the report was considered an unexpected bit of positive news.
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why? Because if inflation is slowing, the rate at which the US Federal Reserve raises interest rates may slow. Slower price increases change the calculus for investors, making stocks — and technology stocks in particular — more attractive and more conservative investments relatively less.
