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Fortune

Will Daniel

'Santa is coming after all': Investors celebrate a cooler-than-expected inflation report

Inflation Fortune Santa Claus US Federal Reserve Jerome Powell Nancy Davis Rick Rieder Morgan Stanley Raymond James United States

A man dressed as Santa Claus visits the floor of the New York Stock Exchange (NYSE) ahead of the closing bell, November 30, 2017 in New York City. (Credit: Drew Angerer—Getty Images)

After a brutal year for stocks, bonds, and cryptocurrencies, Santa gave investors an early present this week—an inflation report that confirms price increases have peaked.

“Santa is coming after all,” Chris Zaccarelli, chief investment officer at Independent Advisor Alliance, told Fortune. “Given the better-than-expected inflation data this morning…markets have a green light to rally into year end.”

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