Inflation Cooled Just Slightly in January With a Yearly Gain of 6.4%
Consumer price data released yesterday showed that it could be a long and winding road back to normal inflation levels.
Consumer price data released yesterday showed that it could be a long and winding road back to normal inflation levels.
In this installment of Advisor Commentary, Marc Bautis shares what you should know about the labor market, progress on inflation, quarterly earnings, and tax filing season.
Inflation closed out 2022 in a modest retreat, with the largest consumer prices decline in December since early in the pandemic.
Used cars are one of the few categories within the Consumer Price Index (CPI) that have decreased in price from last year. Still, they remain 33% more expensive than they'd be if normal depreciation were occurring.
U.S. consumer inflation eased in November to 7.1% annually, against 7.7% in October, and rose just 0.1% from the previous month, according to the Consumer Price Index.
The October Consumer Price Index (CPI) data raised hopes for investors that inflation has peaked.
It's the question that's on everyone's mind: how long will we have to put up with these soaring prices?
Market bottoms don't come with an all-clear signal, but missing the best days of the market can shockingly damage your portfolio's long-term growth. That, and more, in this installment of Advisor Commentary.