Stocks are rallying and building on their strong November gains, as Wall Street cheered new U.S. inflation data.
Inflation was flat in October when compared to the previous month, providing a hopeful sign that stubbornly high prices are easing their grip on the U.S. economy.
Wall Street’s main stock indexes have climbed as cooler-than-expected inflation data boosted expectations that the Federal Reserve is done raising interest rates and could start cutting them next year.
Jimmy Lee, the CEO of the Wealth Consulting Group joins Veronica Dudo to discuss. #featured #useconomy #inflation #CPI #ratehike
