isn't the sudden change of mood to extreme bullishness also inflationary?
explain please
Because with the presumption that the CPI might keep going down, giving an opportunity for Powell to achieve his "Soft Landing", then there's also the tendency that markets surge and people start spending money like a drunken sailor again because "everything is going to be OK". But let's wait for next month's CPI print after market and the people's positive reaction for the current month.