The Fed has been in its most aggressive monetary tightening campaign since the 1980s to tame soaring inflation. However, inflation is showing signs of cooling down, and the November CPI headline rate marked the fifth-straight monthly decline, as prices rose 7.1% annually, down from 7.7% in October.
With a market cap of 275.90 billion, beverage industry giant The Coca-Cola Company (KO) delivered impressive third-quarter results. The company’s revenue of $11.1 billion beat analysts’ estimates by 5.7% and its EPS of $0.69 surpassed the consensus estimate by 8.3%.
