Fed Gets Green Light For Rate Cut From CPI, PPI, Jobless Claims; S&P 500 Pauses
The S&P 500 (SNPINDEX: ^GSPC) is up 27% in 2024, as of Dec. 9. Barring a catastrophic market crash in the final three weeks of the year, this will be a celebrated above-average year for the stock market. It wouldn't only represent a great year for the stock market, but it would also represent a spectacular two-year run for the S&P 500.
CPI rose 2.7% in November from a year ago as Fed struggles to snuff out inflation
Last month's CPI was forecast to come in at 2.7%, according to economists surveyed by financial data firm FactSet. The Consumer Price Index, a basket of goods and services typically bought by consumers, tracks the change in those prices over time.
To add to the point made by Chris, for a while now there has been a " benefit of the doubt " approach to the White House and ...
A Federal Reserve rate cut is expected Dec. 18, but the November CPI inflation report could trigger a hawkish shift for next ...
Consumer prices rose in November at the fastest pace in seven months, but the latest inflation report is probably not hot enough to sidetrack the Federal Reserve from cutting interest rates again next ...
CPI rose by 0.3 percent for the month, as did core CPI. Declines in inflation have clearly leveled off at a pace still in ...
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