How Markets May Respond to November CPI

(12/13/22) The much-anticipated CPI report for November clocked-in at 7.1%, a cooler-than-expected .1% vs. at .3% expected rate, and year-over -year CPI is 6.0%, also less than expected. [NOTE: This report was recorded prior to this morning's CPI release.] Monday's markets rallied just slightly above the 200-DMA, holding firm above the important 100-DM, trading sideways for the past month. The softer-than-expected CPI could provide lift in the markets today. Goldman Sachs was predicting a 3% spike in response. The Fed doesn't like that, and this weaker number today almost ensures the Fed announcement tomorrow will lean a bit more hawkish.
Hosted by RIA Advisors' Chief Investment Strategist, Lance Roberts, CIO
Produced by Brent Clanton
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