Katlyn Parker: Milford Asset Management Portfolio Manager on the market reaction to CPI figures
Today's CPI update shows inflation holding steady at 7.2 percent, undercutting earlier predictions.
The markets have noticed that the figures were lower than predicted, leading to interest rates moving lower following the announcement.
Milford Asset Management's Katlyn Parker says that at the end of the day, inflation is still running too high and if the CPI figures stay elevated for a long enough time frame, price increases will still be an issue.
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