Thndr Claps » U.S. Claps » Economy 🏢 » CPI slows right down ✋
The ClapThe CPI is up 7.1% from November 2021 and 0.1% from the previous month, below the 7.3% and 0.3% expectations.
WhatThe core CPI increased by 6% from November 2021 and 0.2% from one month ago, also below the 6.1% and 0.3% expectations.
So WhatInflation has pestered the economy over the past year, forcing the Fed to hike interest rates aggressively throughout the year to slow it down.
Now WhatAs inflation pressures ease, the Fed may begin slowing down the rate of interest rate hikes, an encouraging sign for investors.
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