New inflation data supports a stock-market rally into year end as the Fed could end its rate hikes this month, Fundstrat says

Dec 14 2022 by Business Insider

 

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November's cooler-than-expected CPI report puts less pressure on the Fed to continue with its interest rate hikes, according to Fundstrat.The firm says that's supportive of a stock-market rally into year end.It highlighted that 1-month annualized inflation fell to 2.4% in November, right around the Fed's long-term 2% target.

The November CPI report could be a game-changer for the Federal Reserve and clear the way for a year-end stock market rally, Fundstrat's Tom Lee...

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