Xiaomo: Economic resilience has not led to an increase in inflation risks, and it is an excellent time for U.S. stocks to take risks

Sina Financial News The US CPI data released on Tuesday will test the rally of US stocks. Phil Camporeale, portfolio manager at JPMorgan Chase & Co., said: "The Fed doesn’t need inflation to reach 2% to ease policy. "They just need inflation not to get worse. "Stronger-than-expected CPI inflation data for January led to a sharp drop in the US stock market on the day of the report. But Phil said, “It’s a great time to take risks in U.S. stocks.” He said that according to the U.S. non-farm payrolls report released on Friday, “it is still possible that the Fed will start cutting interest rates this year without a recession.” "It’s really good for the stock market. "Slowing wage growth and “modest” job growth helped ease inflationary pressures. He said that although the U.S. unemployment rate rose to 3.9 percent, it has been below 4 percent for more than two years, the longest since the '60s. The economy has been resilient, but its acceleration has not reached the point of increasing the risk of inflation.