It was a kind of big day with a lot of macro numbers. USA’s CPI numbers of Dec, 2022 came out and it was in the range of estimation. No surprise this time.
Annual base, Dec CPI was 6.5% and it was 7.1% in Nov. On a monthly base, CPI came down 0.1%. Seen decreasing CPI on a monthly base, it was the first time since last October 2021.
Overall means, inflation of USA is descending, not fast enough but it showed the directions. But as mentioned yesterday, FED’s inflation target rate is 2% which means, still long way to go.
Now, the ball tossed to FED, what to do with it.
US Stock markets continued to rally today but not as much as the most investors expected. DJ Index was up by 0.6%, S&P 500 Index was up 0.3% and NASDAQ Index was up 0.6% today.
AS you can see in CPI numbers, inflation is slowing dying but not that fast enough and job market is still in good shape. FED will address the rate hike once more at the…
