Inflation hasn’t pulled back because the economy has slowed, the economy hasn’t contracted yet, notes Jake Hanley. He talks about how consumers like the pullback in gasoline. He discusses how crude oil (/CL) rises as the OPEC+ meeting looms. He also looks at gold futures (/GC) which are near 7-month highs. He assesses the strength in gold futures. Finally, he goes over the economic outlook heading into the last month of the year. Tune in to find out more about the stock market today.
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