{"id":236219,"date":"2025-12-17T13:20:26","date_gmt":"2025-12-17T18:20:26","guid":{"rendered":"https:\/\/ibkrcampus.com\/campus\/?p=236219"},"modified":"2025-12-18T05:17:34","modified_gmt":"2025-12-18T10:17:34","slug":"tech-shares-buckle-ahead-of-pivotal-cpi-but-dovish-waller-helps-to-limit-the-damage-dec-17-2025","status":"publish","type":"post","link":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/macro\/tech-shares-buckle-ahead-of-pivotal-cpi-but-dovish-waller-helps-to-limit-the-damage-dec-17-2025\/","title":{"rendered":"Tech Shares Buckle Ahead of Pivotal CPI, But Dovish Waller Helps to Limit the Damage: Dec. 17, 2025"},"content":{"rendered":"\n<p>Sharp declines in tech shares are weighing on the major stock market benchmarks a day before the last CPI of the year. Treasuries were taking losses too, until Fed Governor Christopher Waller stated that labor trends were very soft and that the central bank\u2019s current benchmark is as much as a percent above neutral. The dovish remarks boosted Waller\u2019s odds of becoming the next Chair to 30%, as justifications for deep cuts are what President Trump wants to hear. He did counter those statements favoring looser financial conditions by reiterating the importance of the institution&#8217;s independence from the White House though. The yield curve is now relatively flat on the session alongside the greenback, and tomorrow\u2019s moves will largely depend on whether inflation comes in at 2.9%, 3% or 3.1%, as the psychological distinction between a 2- and 3-handle is paramount. Fixed-income watchers will certainly be focused on whether the report signals either more or less monetary policy accommodation in 2026 against the backdrop of Wall Street expecting 2 quarter-point drops but the dots only pointing to 1. Elsewhere in trading, the commodity complex is bullish across the board and silver reached a fresh record. Additionally, participants are also reaching for forecast contract exposures as well as volatility protection instruments. Bitcoin is lower, however, as waning speculative enthusiasms in AI related names hamper cryptocurrency momentum.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-difference-between-2-9-and-3-is-paramount\"><strong>Difference Between 2.9% and 3% Is Paramount<\/strong><\/h2>\n\n\n\n<p>Tomorrow morning\u2019s Consumer Price Index (CPI) is anticipated to reflect increases of 0.3% month over month (m\/m) and 3% year over year(y\/y) but my estimates are a tenth of a percentage point lower on both figures. Indeed, my expectation of 0.2% m\/m and 2.9% y\/y inflation is supported by soft projected readings for shelter, energy and transportation services. Meanwhile, core goods are poised to have risen, although I\u2019m forecasting lighter-than-expected raises for used\/new automobiles and apparel which should help generate the downside miss that I\u2019m looking for. A 2.9% reading would likely fuel monetary policy easing excitement, as it would shift the outlook for 2026 cuts from 2 to 2.5, spark animal spirits and drive a year-end rally in stocks and Treasuries. Conversely, however, a result of 3% or higher would hamper dovish sentiments, and move 2 reductions in the next 12 months to just 1 and a half, as the Fed joins other central banks in pause mode in light of persistent cost pressures.&nbsp;&nbsp;&nbsp;<\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Sharp declines in tech shares are weighing on the major stock market benchmarks a day before the last CPI of the year. <\/p>\n","protected":false},"author":903,"featured_media":191936,"comment_status":"open","ping_status":"closed","sticky":true,"template":"","format":"standard","meta":{"_acf_changed":true,"footnotes":""},"categories":[12711,18,6,8,9,26,3],"tags":[],"contributors-categories":[13576],"class_list":{"0":"post-236219","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-ibkr-economic-landscape","8":"category-macro","9":"category-north-america","10":"category-region","11":"category-securities","12":"category-text-articles","13":"category-traders-insight","14":"contributors-categories-interactive-brokers"},"pp_statuses_selecting_workflow":false,"pp_workflow_action":"current","pp_status_selection":"publish","acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.9 (Yoast SEO v27.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Tech Shares Buckle Ahead of Pivotal CPI, But Dovish Waller Helps to Limit the Damage: Dec. 17, 2025<\/title>\n<meta name=\"description\" content=\"Sharp declines in tech shares are weighing on the major stock market benchmarks a day before the last CPI of the year.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.interactivebrokers.com\/campus\/wp-json\/wp\/v2\/posts\/236219\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Tech Shares Buckle Ahead of Pivotal CPI, But Dovish Waller Helps to Limit the Damage: Dec. 17, 2025 | IBKR Campus US\" \/>\n<meta property=\"og:description\" content=\"Sharp declines in tech shares are weighing on the major stock market benchmarks a day before the last CPI of the year.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/macro\/tech-shares-buckle-ahead-of-pivotal-cpi-but-dovish-waller-helps-to-limit-the-damage-dec-17-2025\/\" \/>\n<meta property=\"og:site_name\" content=\"IBKR Campus US\" \/>\n<meta property=\"article:published_time\" content=\"2025-12-17T18:20:26+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-12-18T10:17:34+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2023\/06\/cpi-featured-img-scaled-e1686673951816.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2048\" \/>\n\t<meta property=\"og:image:height\" content=\"1152\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Jose Torres\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Jose Torres\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\n\t    \"@context\": \"https:\\\/\\\/schema.org\",\n\t    \"@graph\": [\n\t        {\n\t            \"@type\": \"NewsArticle\",\n\t            \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/traders-insight\\\/securities\\\/macro\\\/tech-shares-buckle-ahead-of-pivotal-cpi-but-dovish-waller-helps-to-limit-the-damage-dec-17-2025\\\/#article\",\n\t            \"isPartOf\": {\n\t                \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/traders-insight\\\/securities\\\/macro\\\/tech-shares-buckle-ahead-of-pivotal-cpi-but-dovish-waller-helps-to-limit-the-damage-dec-17-2025\\\/\"\n\t            },\n\t            \"author\": {\n\t                \"name\": \"Jose Torres\",\n\t                \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#\\\/schema\\\/person\\\/92c2be3b6162d92fb996417221509b6e\"\n\t            },\n\t            \"headline\": \"Tech Shares Buckle Ahead of Pivotal CPI, But Dovish Waller Helps to Limit the Damage: Dec. 17, 2025\",\n\t            \"datePublished\": \"2025-12-17T18:20:26+00:00\",\n\t            \"dateModified\": \"2025-12-18T10:17:34+00:00\",\n\t            \"mainEntityOfPage\": {\n\t                \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/traders-insight\\\/securities\\\/macro\\\/tech-shares-buckle-ahead-of-pivotal-cpi-but-dovish-waller-helps-to-limit-the-damage-dec-17-2025\\\/\"\n\t            },\n\t            \"wordCount\": 408,\n\t            \"commentCount\": 0,\n\t            \"publisher\": {\n\t                \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#organization\"\n\t            },\n\t            \"image\": {\n\t                \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/traders-insight\\\/securities\\\/macro\\\/tech-shares-buckle-ahead-of-pivotal-cpi-but-dovish-waller-helps-to-limit-the-damage-dec-17-2025\\\/#primaryimage\"\n\t            },\n\t            \"thumbnailUrl\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2023\\\/06\\\/cpi-featured-img-scaled-e1686673951816.jpg\",\n\t            \"articleSection\": [\n\t                \"IBKR Economic Landscape\",\n\t                \"Macro\",\n\t                \"North America\",\n\t                \"Region\",\n\t                \"Securities\",\n\t                \"Text Articles\",\n\t                \"Traders' Insight\"\n\t            ],\n\t            \"inLanguage\": \"en-US\",\n\t            \"potentialAction\": [\n\t                {\n\t                    \"@type\": \"CommentAction\",\n\t                    \"name\": \"Comment\",\n\t                    \"target\": [\n\t                        \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/traders-insight\\\/securities\\\/macro\\\/tech-shares-buckle-ahead-of-pivotal-cpi-but-dovish-waller-helps-to-limit-the-damage-dec-17-2025\\\/#respond\"\n\t                    ]\n\t                }\n\t            ]\n\t        },\n\t        {\n\t            \"@type\": \"WebPage\",\n\t            \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/traders-insight\\\/securities\\\/macro\\\/tech-shares-buckle-ahead-of-pivotal-cpi-but-dovish-waller-helps-to-limit-the-damage-dec-17-2025\\\/\",\n\t            \"url\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/traders-insight\\\/securities\\\/macro\\\/tech-shares-buckle-ahead-of-pivotal-cpi-but-dovish-waller-helps-to-limit-the-damage-dec-17-2025\\\/\",\n\t            \"name\": \"Tech Shares Buckle Ahead of Pivotal CPI, But Dovish Waller Helps to Limit the Damage: Dec. 17, 2025 | IBKR Campus US\",\n\t            \"isPartOf\": {\n\t                \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#website\"\n\t            },\n\t            \"primaryImageOfPage\": {\n\t                \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/traders-insight\\\/securities\\\/macro\\\/tech-shares-buckle-ahead-of-pivotal-cpi-but-dovish-waller-helps-to-limit-the-damage-dec-17-2025\\\/#primaryimage\"\n\t            },\n\t            \"image\": {\n\t                \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/traders-insight\\\/securities\\\/macro\\\/tech-shares-buckle-ahead-of-pivotal-cpi-but-dovish-waller-helps-to-limit-the-damage-dec-17-2025\\\/#primaryimage\"\n\t            },\n\t            \"thumbnailUrl\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2023\\\/06\\\/cpi-featured-img-scaled-e1686673951816.jpg\",\n\t            \"datePublished\": \"2025-12-17T18:20:26+00:00\",\n\t            \"dateModified\": \"2025-12-18T10:17:34+00:00\",\n\t            \"description\": \"Sharp declines in tech shares are weighing on the major stock market benchmarks a day before the last CPI of the year.\",\n\t            \"inLanguage\": \"en-US\",\n\t            \"potentialAction\": [\n\t                {\n\t                    \"@type\": \"ReadAction\",\n\t                    \"target\": [\n\t                        \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/traders-insight\\\/securities\\\/macro\\\/tech-shares-buckle-ahead-of-pivotal-cpi-but-dovish-waller-helps-to-limit-the-damage-dec-17-2025\\\/\"\n\t                    ]\n\t                }\n\t            ]\n\t        },\n\t        {\n\t            \"@type\": \"ImageObject\",\n\t            \"inLanguage\": \"en-US\",\n\t            \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/traders-insight\\\/securities\\\/macro\\\/tech-shares-buckle-ahead-of-pivotal-cpi-but-dovish-waller-helps-to-limit-the-damage-dec-17-2025\\\/#primaryimage\",\n\t            \"url\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2023\\\/06\\\/cpi-featured-img-scaled-e1686673951816.jpg\",\n\t            \"contentUrl\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2023\\\/06\\\/cpi-featured-img-scaled-e1686673951816.jpg\",\n\t            \"width\": 2048,\n\t            \"height\": 1152\n\t        },\n\t        {\n\t            \"@type\": \"WebSite\",\n\t            \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#website\",\n\t            \"url\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/\",\n\t            \"name\": \"IBKR Campus US\",\n\t            \"description\": \"Financial Education from Interactive Brokers\",\n\t            \"publisher\": {\n\t                \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#organization\"\n\t            },\n\t            \"potentialAction\": [\n\t                {\n\t                    \"@type\": \"SearchAction\",\n\t                    \"target\": {\n\t                        \"@type\": \"EntryPoint\",\n\t                        \"urlTemplate\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/?s={search_term_string}\"\n\t                    },\n\t                    \"query-input\": {\n\t                        \"@type\": \"PropertyValueSpecification\",\n\t                        \"valueRequired\": true,\n\t                        \"valueName\": \"search_term_string\"\n\t                    }\n\t                }\n\t            ],\n\t            \"inLanguage\": \"en-US\"\n\t        },\n\t        {\n\t            \"@type\": \"Organization\",\n\t            \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#organization\",\n\t            \"name\": \"Interactive Brokers\",\n\t            \"alternateName\": \"IBKR\",\n\t            \"url\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/\",\n\t            \"logo\": {\n\t                \"@type\": \"ImageObject\",\n\t                \"inLanguage\": \"en-US\",\n\t                \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#\\\/schema\\\/logo\\\/image\\\/\",\n\t                \"url\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2024\\\/05\\\/ibkr-campus-logo.jpg\",\n\t                \"contentUrl\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2024\\\/05\\\/ibkr-campus-logo.jpg\",\n\t                \"width\": 669,\n\t                \"height\": 669,\n\t                \"caption\": \"Interactive Brokers\"\n\t            },\n\t            \"image\": {\n\t                \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#\\\/schema\\\/logo\\\/image\\\/\"\n\t            },\n\t            \"publishingPrinciples\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/about-ibkr-campus\\\/\",\n\t            \"ethicsPolicy\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/cyber-security-notice\\\/\"\n\t        },\n\t        {\n\t            \"@type\": \"Person\",\n\t            \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#\\\/schema\\\/person\\\/92c2be3b6162d92fb996417221509b6e\",\n\t            \"name\": \"Jose Torres\",\n\t            \"description\": \"Jos\u00e9 Torres is Senior Economist at Interactive Brokers. In this capacity, he is responsible for economic analysis, economic commentary and educational content focused on the economy. Prior to joining Interactive Brokers, Jos\u00e9 spent 6 years working as an economist in the United States government within the Federal Deposit Insurance Corporation (FDIC) and the Bureau of Labor Statistics (BLS). During his time with the U.S. government, Jos\u00e9 frequently led presentations covering economic conditions and forecasts for elected officials, political appointees and senior management. He also built economic models, consulted with private sector executives, contributed to the modernization of economic processes and gained recognition for predicting the inflationary episode of the 2020s. Jos\u00e9 has also been a professor of economics at the City University of New York and holds a master\u2019s degree in financial economics from West Texas A&amp;M University. His skillset includes the ability to communicate and analyze complex economic topics in English and in Spanish and throughout his career, he has been interviewed by media outlets including Bloomberg, CNBC, CNN, WSJ, AP, Yahoo Finance, Cheddar, Business Insider, Seeking Alpha, PBS, FOX, Economic Times, Univision, Telemundo and others.\",\n\t            \"url\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/author\\\/jose-torres\\\/\"\n\t        }\n\t    ]\n\t}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Tech Shares Buckle Ahead of Pivotal CPI, But Dovish Waller Helps to Limit the Damage: Dec. 17, 2025","description":"Sharp declines in tech shares are weighing on the major stock market benchmarks a day before the last CPI of the year.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.interactivebrokers.com\/campus\/wp-json\/wp\/v2\/posts\/236219\/","og_locale":"en_US","og_type":"article","og_title":"Tech Shares Buckle Ahead of Pivotal CPI, But Dovish Waller Helps to Limit the Damage: Dec. 17, 2025 | IBKR Campus US","og_description":"Sharp declines in tech shares are weighing on the major stock market benchmarks a day before the last CPI of the year.","og_url":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/macro\/tech-shares-buckle-ahead-of-pivotal-cpi-but-dovish-waller-helps-to-limit-the-damage-dec-17-2025\/","og_site_name":"IBKR Campus US","article_published_time":"2025-12-17T18:20:26+00:00","article_modified_time":"2025-12-18T10:17:34+00:00","og_image":[{"width":2048,"height":1152,"url":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2023\/06\/cpi-featured-img-scaled-e1686673951816.jpg","type":"image\/jpeg"}],"author":"Jose Torres","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Jose Torres","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/ibkrcampus.com\/campus\/traders-insight\/securities\/macro\/tech-shares-buckle-ahead-of-pivotal-cpi-but-dovish-waller-helps-to-limit-the-damage-dec-17-2025\/#article","isPartOf":{"@id":"https:\/\/ibkrcampus.com\/campus\/traders-insight\/securities\/macro\/tech-shares-buckle-ahead-of-pivotal-cpi-but-dovish-waller-helps-to-limit-the-damage-dec-17-2025\/"},"author":{"name":"Jose Torres","@id":"https:\/\/ibkrcampus.com\/campus\/#\/schema\/person\/92c2be3b6162d92fb996417221509b6e"},"headline":"Tech Shares Buckle Ahead of Pivotal CPI, But Dovish Waller Helps to Limit the Damage: Dec. 17, 2025","datePublished":"2025-12-17T18:20:26+00:00","dateModified":"2025-12-18T10:17:34+00:00","mainEntityOfPage":{"@id":"https:\/\/ibkrcampus.com\/campus\/traders-insight\/securities\/macro\/tech-shares-buckle-ahead-of-pivotal-cpi-but-dovish-waller-helps-to-limit-the-damage-dec-17-2025\/"},"wordCount":408,"commentCount":0,"publisher":{"@id":"https:\/\/ibkrcampus.com\/campus\/#organization"},"image":{"@id":"https:\/\/ibkrcampus.com\/campus\/traders-insight\/securities\/macro\/tech-shares-buckle-ahead-of-pivotal-cpi-but-dovish-waller-helps-to-limit-the-damage-dec-17-2025\/#primaryimage"},"thumbnailUrl":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2023\/06\/cpi-featured-img-scaled-e1686673951816.jpg","articleSection":["IBKR Economic Landscape","Macro","North America","Region","Securities","Text Articles","Traders' Insight"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/ibkrcampus.com\/campus\/traders-insight\/securities\/macro\/tech-shares-buckle-ahead-of-pivotal-cpi-but-dovish-waller-helps-to-limit-the-damage-dec-17-2025\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/ibkrcampus.com\/campus\/traders-insight\/securities\/macro\/tech-shares-buckle-ahead-of-pivotal-cpi-but-dovish-waller-helps-to-limit-the-damage-dec-17-2025\/","url":"https:\/\/ibkrcampus.com\/campus\/traders-insight\/securities\/macro\/tech-shares-buckle-ahead-of-pivotal-cpi-but-dovish-waller-helps-to-limit-the-damage-dec-17-2025\/","name":"Tech Shares Buckle Ahead of Pivotal CPI, But Dovish Waller Helps to Limit the Damage: Dec. 17, 2025 | IBKR Campus US","isPartOf":{"@id":"https:\/\/ibkrcampus.com\/campus\/#website"},"primaryImageOfPage":{"@id":"https:\/\/ibkrcampus.com\/campus\/traders-insight\/securities\/macro\/tech-shares-buckle-ahead-of-pivotal-cpi-but-dovish-waller-helps-to-limit-the-damage-dec-17-2025\/#primaryimage"},"image":{"@id":"https:\/\/ibkrcampus.com\/campus\/traders-insight\/securities\/macro\/tech-shares-buckle-ahead-of-pivotal-cpi-but-dovish-waller-helps-to-limit-the-damage-dec-17-2025\/#primaryimage"},"thumbnailUrl":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2023\/06\/cpi-featured-img-scaled-e1686673951816.jpg","datePublished":"2025-12-17T18:20:26+00:00","dateModified":"2025-12-18T10:17:34+00:00","description":"Sharp declines in tech shares are weighing on the major stock market benchmarks a day before the last CPI of the year.","inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/ibkrcampus.com\/campus\/traders-insight\/securities\/macro\/tech-shares-buckle-ahead-of-pivotal-cpi-but-dovish-waller-helps-to-limit-the-damage-dec-17-2025\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ibkrcampus.com\/campus\/traders-insight\/securities\/macro\/tech-shares-buckle-ahead-of-pivotal-cpi-but-dovish-waller-helps-to-limit-the-damage-dec-17-2025\/#primaryimage","url":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2023\/06\/cpi-featured-img-scaled-e1686673951816.jpg","contentUrl":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2023\/06\/cpi-featured-img-scaled-e1686673951816.jpg","width":2048,"height":1152},{"@type":"WebSite","@id":"https:\/\/ibkrcampus.com\/campus\/#website","url":"https:\/\/ibkrcampus.com\/campus\/","name":"IBKR Campus US","description":"Financial Education from Interactive Brokers","publisher":{"@id":"https:\/\/ibkrcampus.com\/campus\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ibkrcampus.com\/campus\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/ibkrcampus.com\/campus\/#organization","name":"Interactive Brokers","alternateName":"IBKR","url":"https:\/\/ibkrcampus.com\/campus\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ibkrcampus.com\/campus\/#\/schema\/logo\/image\/","url":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2024\/05\/ibkr-campus-logo.jpg","contentUrl":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2024\/05\/ibkr-campus-logo.jpg","width":669,"height":669,"caption":"Interactive Brokers"},"image":{"@id":"https:\/\/ibkrcampus.com\/campus\/#\/schema\/logo\/image\/"},"publishingPrinciples":"https:\/\/www.interactivebrokers.com\/campus\/about-ibkr-campus\/","ethicsPolicy":"https:\/\/www.interactivebrokers.com\/campus\/cyber-security-notice\/"},{"@type":"Person","@id":"https:\/\/ibkrcampus.com\/campus\/#\/schema\/person\/92c2be3b6162d92fb996417221509b6e","name":"Jose Torres","description":"Jos\u00e9 Torres is Senior Economist at Interactive Brokers. In this capacity, he is responsible for economic analysis, economic commentary and educational content focused on the economy. Prior to joining Interactive Brokers, Jos\u00e9 spent 6 years working as an economist in the United States government within the Federal Deposit Insurance Corporation (FDIC) and the Bureau of Labor Statistics (BLS). During his time with the U.S. government, Jos\u00e9 frequently led presentations covering economic conditions and forecasts for elected officials, political appointees and senior management. He also built economic models, consulted with private sector executives, contributed to the modernization of economic processes and gained recognition for predicting the inflationary episode of the 2020s. Jos\u00e9 has also been a professor of economics at the City University of New York and holds a master\u2019s degree in financial economics from West Texas A&amp;M University. His skillset includes the ability to communicate and analyze complex economic topics in English and in Spanish and throughout his career, he has been interviewed by media outlets including Bloomberg, CNBC, CNN, WSJ, AP, Yahoo Finance, Cheddar, Business Insider, Seeking Alpha, PBS, FOX, Economic Times, Univision, Telemundo and others.","url":"https:\/\/www.interactivebrokers.com\/campus\/author\/jose-torres\/"}]}},"jetpack_featured_media_url":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2023\/06\/cpi-featured-img-scaled-e1686673951816.jpg","_links":{"self":[{"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/posts\/236219","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/users\/903"}],"replies":[{"embeddable":true,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/comments?post=236219"}],"version-history":[{"count":0,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/posts\/236219\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/media\/191936"}],"wp:attachment":[{"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/media?parent=236219"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/categories?post=236219"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/tags?post=236219"},{"taxonomy":"contributors-categories","embeddable":true,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/contributors-categories?post=236219"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}