CPI & Fed Meeting = Big Week. Inflation Slowing, Fed Tightening Continues. Higher Rates and More QT

Building_Benjamins
2022-12-16

CPI & Fed Meeting = Big Week. Inflation Slowing, Fed Tightening Continues. Higher Rates and More QT$S&P 500(.SPX)$ $DJIA(.DJI)$ $NASDAQ(.IXIC)$

Inflation Slowed to 7.1% year over year and 0.1% month over month.
Energy helped last month but will reverse as SPR (Strategic Petroleum Reserve) is no longer drained at a million barrels a day. China COVID lockdowns ease and demand returns.

Fed Tightening Continued with 0.50% increase and indications that rates will continue higher for longer than the market was hoping. In addition, QT (Quantitative Tightening) has kicked into high gear since September at $95 billion a month, and the Fed has so far been meeting this accelerated schedule. Until September, remember the Fed was dragging its feet on QT and below plan.

https://buildingbenjamins.com/market-and-economy/cpi-amp-fed-meeting-big-week-inflation-slowing-fed-tightening-continues-higher-rates-and-more-qt/

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