With the release of the latest

2022-12-14

With the release of the latest Consumer Price Index report Tuesday, the final major economic indicator is in before Fed officials make a decision Wednesday on the federal funds rate.

Consumer prices showed a 7.1% year-over-year increase in November, down from 7.7% in October and below estimates of 7.3%.

In early November, the Fed issued its fourth consecutive 0.75% increase to the federal funds rate, which today stands between 3.75% and 4%.

The meeting of the Federal Open Market Committee, made up of the Fed officials who decide on interest rate hikes, is scheduled for Tuesday and Wednesday, Dec. 13-14, with an interest rate announcement due at 2 p.m. ET Wednesday.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

mac0racle
2022-12-14
mac0racle
Thanks for sharing
powerbert
2022-12-14
powerbert
Can start to buy shares now
kytphine
2022-12-14
kytphine
thx
J.G
2022-12-14
J.G
ok
zuhdi
2022-12-14
zuhdi
ok
MT05
2022-12-14
MT05
[Onlooker]

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The meeting of the Federal Open Market Committee, made up of the Fed officials who decide on interest rate hikes, is scheduled for Tuesday and Wednesday, Dec. 13-14, with an interest rate announcement due at 2 p.m. ET Wednesday.</body></html>","text":"With the release of the latest Consumer Price Index report Tuesday, the final major economic indicator is in before Fed officials make a decision Wednesday on the federal funds rate. Consumer prices showed a 7.1% year-over-year increase in November, down from 7.7% in October and below estimates of 7.3%. In early November, the Fed issued its fourth consecutive 0.75% increase to the federal funds rate, which today stands between 3.75% and 4%. 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