With growing fears surrounding rising interest rates and the possibility of the United States slipping into a recession, value stocks have outperformed growth stocks over the past year. However, inflation eased for the third straight month in December, with CPI rising 6.5% year-over-year and declining 0.1% over the prior month.
As inflation is coming off 40-year highs but remains higher than the 2% target, Fed policymakers have signaled slower rate hikes, which could pave the way for a 25-basis-points hike at its next Fed meeting.
