CPI: US inflation falls to lowest in more than a year
Inflation was 6.5% in December, easing for the sixth month in a row as petrol and fruit prices fell. …
“If it plateaus there, then the Fed will have very little space to cut rates this year and markets will face renewed challenges. And if it falls steadily through that threshold due to growing economic weakness, permitting Fed loosening, markets will still be challenged due to earnings concerns. Not a great outcome, either way.”
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