A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. With that in mind, Wall Street will intensely scrutinize the December Consumer Price Index data for December that is set to be released Thursday. The hope is that the pace of price increases will continue to slow. Consumer prices rose 7.1% year over year through November.
But if inflation pressures continue to abate – and the Fed acknowledges that by pulling back on rate hikes – then the housing market may rebound. “The mortgage market is already pricing in another two rounds of rate hikes as inflation moderates,” said Phillip Wool, managing director and head of investment solutions with Rayliant, an asset management firm, in a report.
My supermarket's name brand eggs were selling for under $1 2yrs ago. Last month a little over $2. Last week they were $4.05. Gas is climbing again, home building materials prices are sky high. Thank god inflation is only transitory. Biden is killing a generations savings & 401Ks
you aint seen nothing yet. Financial signs show headed to 2008, 1992 market crash and worse. ASAP Cut government spending, open energy. CCP wants yuan as world currency. Soros, 92, is in high gear. His WOKEs are stirring up division and crime. USA needs media to tell the truth
Ugghhgggggggd
Wouldn’t have happened if we handled the plandemic differently.