HomeMarketsIndicesThe Big 3 Components Driving Inflation
The Big 3 Components Driving Inflation

The markets rallied after Powell said that it was time to moderate the rate increases, says Jeffrey Cleveland. He talks about how the markets slump following the November jobs report. He then discusses the three components driving inflation which are goods, housing services, and non-housing services. He notes that non-housing services may be a lingering problem, and we need growth in wages to avoid the Fed staring in inflation-fighting mode. He then previews the next FOMC meeting which will be on December 13-14. Tune in to find out more about the stock market today.

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02 Dec 2022

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