The US economy and stock market are in focus as investors mull mixed signals coming out in recent days. Earlier, consumer prices in the country jumped 7.7% on-year in October, the smallest yearly increase since January. Similarly, producer prices also increased less than expected at 8% for October, providing more evidence that inflation was starting to subside. 

While investors took that as sign for the Fed to take its foot off the pedal, St. Louis Fed President James Bullard said terminal federal funds rates could reach the 5 to 7% range, dampening hopes of a Fed pivot. 

But what is the current state of the US economy and how are market watchers reading into these developments? On Market View, Prime Time's finance presenter Chua Tian Tian spoke with Shawn Cruz, Head Trading Strategist at TD Ameritrade for more.