The Latest Breaking News from US Federal Reserve

After easing for two consecutive months in October and November, inflation cooled off further in December. Moreover, given the inelastic demand for their products, grocery stocks could perform better during economic turmoil. Therefore, buying fundamentally strong grocery stocks, Walmart (WMT), and Albertsons Companies (ACI) could be wise. Let’s discuss this.

U.S. inflation continued to slow in December, adding to evidence price pressures have peaked and putting the Federal Reserve on track to again slow the pace of interest-rate hikes.

Inflation fell to 6.5 percent in December, but new House rules ensure that Congress will have to consider the inflationary impact of future spending bills.

Although inflation eased further in December, the Fed will likely go ahead with its interest rate hikes this year, keeping the economy and the stock market under pressure. So, it could be wise to unload fundamentally weak stocks Roblox (RBLX), Tellurian (TELL), and Avaya Holdings (AVYA). Let’s discuss….