The Latest Breaking News on Economic Optimism Soars as Americans Embrace Promising Outlook for 2024

Australian and US stocks climb after data shows inflation in North America barely rose last month. Look back on the day's events and insights from our business reporters on the ABC News markets blog.

Experts say inflation has peaked and that the Federal Reserve’s interest rate hikes may end soon. Should investors jump into stocks? Or is it a trap?

U.S. inflation data offered the strongest evidence yet that price pressures have peaked, cheering financial markets and putting a pause from the Federal Reserve’s interest-rate hikes in view.

Key inflation drivers — housing, goods and services — are all pointing in a favorable direction.

‘In a world where inflation is rising at double digits in many major economies around the world. Inflation is coming down in America,’ Biden says

Food prices were up 0.5 percent during November, even as energy prices fell by about 1.6 percent.

A key gauge of U.S. consumer prices in November posted the smallest monthly advance in more than a year, indicating the worst of inflation has likely passed and validating an anticipated slowing in the pace of Federal Reserve interest-rate hikes.

It was the fifth straight slowdown

The Fed is expected to slow down its rate hike aggression amid positive inflation data expectations. Moreover, the U.S. consumer sentiment remains strong despite rampant macro headwinds. Amid the broader market sell-off, investor sentiment toward value stocks has improved significantly. Therefore, Investors looking for a good deal might buy quality…

Inflation is still way too high, but the data offers some hope that it can ease alongside a still-healthy economy.

Inflation is expected to have eased further in November, and that will strengthen the central bank’s case to slow down interest rate hikes hereon, thus easing recession concerns. Therefore, buying quality stocks Cisco Systems (CSCO) and Molina Healthcare (MOH) could be wise. Read on….