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As inflation slows, have we just seen the bottom for technology stocks? • londonbusinessblog.com

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While the world digesting the fact that FTX could go to zero, Elon Musk continues to make headlines with changes to Twitter policy – ​​sometimes seemingly on the fly – and the results of the US midterm elections are still trickling in, there could be a fair wind blowing for technology companies.

This morning, the United States released new inflation figures, with CNBC reporting that the consumer price index, or CPI, rose 0.4% in October and 7.7% from the same month a year ago. Given the expectations of 0.6% and 7.9% growth respectively, the report was regarded as unexpectedly positive news.


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Why? Because if inflation cools, the rate at which the US Federal Reserve raises interest rates could slow down. Slower rate hikes would shift the calculus for investors, making assets like stocks — and especially technology stocks — more attractive and more conservative investments relatively less so.

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