JP Morgan CEO Dimon says people are overreacting to short-term numbers on inflation

<p>Dimon with the party-pooper comment. </p><p>The data on inflation that came out Tuesday in the US ICYMi:</p><ul><li><a href="https://www.forexlive.com/news/us-october-core-cpi-40-yy-versus-41-yy-expected-20231114/" target="_self">US October core CPI +4.0% y/y versus +4.1% y/y expected</a></li></ul><p>Response:</p><ul><li><a href="https://www.forexlive.com/news/us-10-year-yields-fall-below-450-on-soft-cpi-near-the-bottom-of-the-range-20231114/" target="_self">US 10-year yields fall below 4.50% on soft CPI, near the bottom of the range</a></li><li><a href="https://www.forexlive.com/centralbank/wsjs-timiraos-its-obvious-the-fed-is-on-hold-20231114/" target="_self">WSJ's Timiraos: It's obvious, the Fed is on hold</a></li><li><a href="https://www.forexlive.com/technical-analysis/strong-start-for-the-major-us-indices-after-lower-than-expected-cpi-20231114/" target="_self">Strong start for the major US indices after lower-than-expected CPI</a></li><li><a href="https://www.forexlive.com/technical-analysis/audusd-skyrockets-targets-key-moving-average-20231114/" target="_self">AUDUSD skyrockets, targets key moving average</a></li><li><a href="https://www.forexlive.com/news/soft-landing-elation-grips-markets-20231114/" target="_self">Soft-landing elation grips markets</a></li><li><a href="https://www.forexlive.com/technical-analysis/sp-index-up-2-largest-gain-since-january-6-20231114/" target="_self">S&amp;P index up 2%. Largest gain since January 6</a></li><li><a href="https://www.forexlive.com/technical-analysis/us-10-year-yield-tumbles-below-45-20231114/" target="_self">US 10 year yield tumbles below 4.5%</a></li><li><a href="https://www.forexlive.com/centralbank/the-fed-has-reached-the-terminal-point-in-the-hiking-cycle-cibc-drops-call-for-dec-hike-20231114/" target="_self">The Fed has reached the terminal point in the hiking cycle, CIBC drops call for Dec hike</a></li></ul><p>There is more euphoria, I ran out of patience sticking the links in. </p>

This article was written by Eamonn Sheridan at www.forexlive.com.