$Amazon.com(AMZN)$ Might show a near term bounce if the cpi print turns out softer than expected and the fed raises by 50 bps as anticipated.
NY Fed's survey of consumer expectations showed that 1-year ahead inflation expectations fell to lowest since Aug 2021 to 5.2% in Nov from 5.7% in Oct. However, another survey by the Harris poll showed that most respondents planned to tighten their belts by buying fewer gifts and travel lesser during the holiday season in view of the higher costs.
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