Federal Reserve

Diving Into December CPI

The market had been pricing in some aggressive rate cut expectations for 2024, looking for as many as six cuts from the Federal Reserve. However, with last month’s employment data coming in pretty strong, there is a lot of riding on the first month or two of data this year. 📝

Unfortunately for stock market bulls and rate-cut enthusiasts, today’s consumer price index (CPI) data did not help their case.

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