TechFlow News, April 10: Alexandra Wilson-Elizondo of Goldman Sachs Asset Management stated that markets had already braced for strong inflation data, so today’s in-line figures provided slight relief. However, this may be the best overall inflation reading we see for some time, as the data likely captures only a portion of the full impact of the Iran conflict—which temporarily pushed U.S. crude oil and gasoline prices up by approximately 70%. She added: “The Fed has room to remain patient—and ample justification to do so. Today’s data buys the Fed some time, but the real test lies ahead.” (Jinshi)
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