1. New York Fed President reports inflation data distortions due to October's cancellation. 2. November CPI rose at 2.7% annualized, below Dow Jones' 3.1% expectation. 3. Data gaps lead to cautious interpretations on inflation's trajectory. 4. Upcoming December data may clarify current inflation distortions.
FAQ
Why Neutral?
Current inflation data remains uncertain, and past data distortions impact market sentiment. Historical instances show that unclear inflation data often leads to market volatility rather than steady trends.
How important is it?
The article addresses inflation, a significant driver of Fed policy impacting S&P 500 movements.
Why Short Term?
The price impact is likely to be immediate due to investor reactions to inflation news; however, clarity might emerge with upcoming December data.