Phil Orlando: The January CPI report is good news for the Federal Reserve

According to Jin Shi reports, Federated Investors Chief Market Strategist Phil Orlando stated that the U.S. January inflation report was better than expected, especially at the nominal level, which is good news for the Federal Reserve. He believes that as the leadership transitions from Powell to Waller, the Federal Reserve will cut interest rates three times within a year. Despite strong labor market data leading to a market decline, the inflation performance was better than expected, and the downward trend in inflation is expected to continue.