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

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

The stock market's reaction to the inflation data was swift and decisive.

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 CPI inflation rate dived to a 12-month low. The S&P 500 surged on the news, but faded. The Fed, focused on wage growth, will keep hiking.

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.