This year, the stock market has seen significant volatility due to record-high inflation, the Russia-Ukraine war, and the Fed hiking interest rates at a pace not seen in decades. However, inflation cooled notably last month and is at its lowest since December 2021.
The Labor Department yesterday reported that the Consumer Price Index (CPI) increased 7.1% from a year ago in November, lower than economists’ expectations of 7.3%. The moderation in inflation made investors optimistic about the central bank’s future course of action on the policy front.
