Kyle O’Dell, founder & CEO of EdgeRock Wealth Management, joined Cheddar News to discuss Monday’s market trading session and what to look for in Tuesday's CPI report as Wall Street continues to digest the Fed's move last month.
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Greg McBride, chief financial analyst at Bankrate.com, joined Cheddar News to discuss inflation trends. “I think with strong confidence that peak inflation is behind us, the trend is definitely one towards continued improvement but we've got a long way to go,” he said.
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Wall Street closed higher Thursday after a report showed inflation slowed again last month, bolstering hopes the Federal Reserve may take it easier on the economy through smaller hikes to interest rates.
December Deflation: CPI Shows Prices Falling 0.1 Percent Last Month
What's the opposite of inflation? Deflation, and that's exactly what happened in December, according to the latest consumer price index (CPI).
Citi Report: Building Supply Chains at Home Is Not a Top Priority for Firms
Bringing manufacturing back to the United States is a top priority for the Biden administration, but a new report from Citi indicates that companies might have other priorities when it comes to securing their supply chains.
Market Minute: Disney Board Fight, Starbucks Returns to Office & $BBB Skyrockets
Here is a rundown of Cheddar News' top market stories of the day.
