October's cooler-than-expected CPI report sparked a stock market rally Tuesday morning, with the Dow (^DJI), S&P 500 (^GSPC), and Nasdaq (^IXIC) rising as investors anticipate the Federal Reserve staying on hold and not raise interest rates anymore. Huntington Private Bank Director of Wealth Strategy Dan Griffith says the Fed's "signal" shows it's in a "good position" now to combat inflation. He noted a Huntington study finding 57% of Midwest business owners are "optimistic" about the current economy, illustrating inflation's impact on real companies. Griffith outlines 5 key indicators to monitor for signs of an impending recession: S&P 500 remaining above 4,000 level, weekly initial jobless claims staying under 300,000, consumer confidence index holding above 100, CPI at no more than 4% year-over-year, and finally Fed funds rate capped at 5%. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.