Inflation Is Improving, But Fed Says 'Ongoing' Rate Increases Needed

It seems like they think inflation is definitely improving; it's going in the right direction, especially those indicators of goods, says Dana Peterson. She discusses the Fed meeting, noting that the Fed raised the benchmark rate of 25 BPS to 4.5% - 4.7%. She talks about how the Fed says 'ongoing' rate increases will be appropriate and affirms the 2% inflation target. She then goes over the Consumer Confidence report for January 2023, the JOLTs Job Openings for December 2022, and the Employment Situation for January 2023. tune in to find out more about the stock market today.