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Good news for the stockmarket; CPI down! #shorts
The consumer price index was down to 6.5% last month, compared to 7.1% the month prior. This was the lowest rate of growth since October of 2021. Core inflation was down to 5.7% compared to 6% the month prior. This was in line with expectations.
The price declines were led by the price of gasoline and the price of airline tickets. But the price of rent and healthcare are not coming down as rapidly. And overall, The Fed is likely to stay the course in slowing down the economy. And most expect the Fed to continue to hike interest rates on February 1st.
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The price declines were led by the price of gasoline and the price of airline tickets. But the price of rent and healthcare are not coming down as rapidly. And overall, The Fed is likely to stay the course in slowing down the economy. And most expect the Fed to continue to hike interest rates on February 1st.
Thank you for watching! Please ask a question or share a comment, and I will follow up with you.
I help people invest in digital assets without undue risks or long-term time horizons.
Subscribe to our channel now for more videos like this one: https://www.youtube.com/c/BitfolioBizWealthBuilding?sub_confirmation=1
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All of my videos are strictly my personal opinion and are not financial advice. I am not a registered investment advisor, nor a financial advisor. Do your own research.
#inflation #cpi #stockmarket #economy #thefed #news #today
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