Rates Aren’t Doing The Heavy Lifting For The Fed Anymore

The last couple of miles of inflation are going to be the hardest part, notes Bob Iaccino. He gives an overview of the markets after the PPI for November 2023 was released. He talks about how higher crude oil prices do not necessarily contribute to inflation. He goes over how rates aren’t doing the heavy lifting for the Fed anymore and the Fed could be concerned with a strong holiday season. Finally, he previews the FOMC rate decision which is due at 2pm ET. Tune in to find out more about futures and the stock market today.