October's Consumer Price Index (CPI) report showed inflation to have risen in line with economist estimates. The data revealed a 0.2% month-over-month increase in consumer prices and a 2.6% jump year-over-year.

HSBC Global Private Banking and Wealth Global chief investment officer Willem Sels joins Catalysts to share his insights.

Sels acknowledges that inflation remains "still a bit sticky," though he notes there were "no surprises" in the latest CPI figures. "I think the market is really sort of shifted its attention to what's next," he tells Yahoo Finance, observing a natural stabilization in consumer prices. The key question now is, "Where does it go from here?"

According to Sels, the trajectory will heavily depend on the policies enacted by the incoming Trump administration. He suggests this will also have significant implications for the Federal Reserve's interest rate path forward.

However, Sels doesn't anticipate an immediate change in the central bank's course, as the Fed will likely "wait and see" how the new administration's policies impact the broader economy.

To watch more expert insights and analysis on the latest market action, check out more Catalysts here.

This post was written by Angel Smith