More positive economic news . . .
While the Stock Market continues on its upward trend, prices fell last month for the first time since April 2020!!
New York CNN —
Last month, for the first time since April 2020,
prices fell on a monthly basis, according to a closely
watched report released Friday by the Commerce Department.
US inflation slowed further in November,
and consumer spending continued to outpace expectations,
lending further credence to the idea that the US Federal
Reserve could stick its “soft landing” of bringing down
inflation with a barrage of interest rate hikes while
not throttling the economy into a recession.
“These data are consistent with a strong and growing economy bolstered by income gains above inflation and a dynamic labor market as inflation eases.”
The importance of this should not be understated.
We are heading in the right direction again despite strong headwinds