All Clear? Let's Hear from the Fed

Stocks surged this morning after cooler-than-expected inflation data showed that consumer prices in November rose at the slowest 12-month pace since December 2021. The Consumer Price Index (CPI) rose just 0.1% from the prior month and 7.1% year-over-year, down sharply from 7.7% YoY in October. But by noon ET, stocks erased all gains and now appear to be in a holding pattern ahead of tomorrow’s Fed rate decision. Is deflation starting to do some work for the Federal Reserve? Or will Fed Chair Jerome Powell & Co. keep hiking interest rates into a recession? On today’s Daily Briefing, Ash Bennington is joined by Real Vision senior markets editor Andreas Steno Larsen and Tony Greer of the Morning Navigator to discuss what various asset classes are signaling about inflation.

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