CPI Report is Good Sign for Economy
- Alexangel Ventura
- Dec 11, 2024
- 1 min read
The latest November CPI report shows very good signs for the economy to come.
The CPI report showed a mere 0.3% rise in core inflation, as well as very marginal increases in prices across the market.
Despite the increase in prices, this difference is very marginal, down from the much higher price increases earlier this year.
These results, among other economic data, is clearly signaling yet another Fed rate cut. Jerome Powell, the chair of Fed, recently said that the economy is in good shape. Now, all signs are signaling a rate cut, possibly a large one if the Fed is generous.
Some economists are predicting a rate cut as early as next week, but most plausibly this may occur in a few weeks to a month, hopefully by the end of the year.
This data triggered a small rise in the stock market on Wednesday, 12/11. Tesla and Nvidia capitalized most from this increase, leading gains in the Nasdaq.
