Another round of positive economic data let investors breathe a sigh of relief that the Federal Reserve may have reason to significantly slow down its quantitative tightening measures. The latest consumer price index (CPI) showed inflation cooled off slightly with a 0.1% month-over-month decrease. On an annual basis, the price of consumer goods rose by 6.5%, down from November’s 7.1% increase. This is still well above the 2% target rate of inflation the Fed generally likes to see.
