This week, particularly on Tuesday, the November consumer price index report is set to be released, along with the most recent details on inflation within the United States economy. Simultaneously, the United States Federal Reserve is scheduled to conduct its upcoming meeting to determine the interest rate changes for the following months.
Stock values have slightly increased in anticipation of these upcoming events, as investors are trying to stay positive regarding the forthcoming reports. Many are optimistic that the latest consumer price index figures will reflect a decline in inflation, which could potentially prompt the Fed to scale back on the interest rate hikes that have been impacting the market in recent times. The Dow went up by 126 points, or 0.4%, the S&P 500 increased by 0.1%, while the Nasdaq experienced a slight decrease of 0.1%.
40 Stocks That Have Risen The Most From Their 52-Week Lows: pic.twitter.com/UnKUc3pznN
— Pankaj Parekh (@DhanValue) December 12, 2022
“Financial conditions have significantly improved since the release of the October CPI report last month, so it is probable that the Fed will use the December FOMC meeting to dial back those conditions,” remarked Cliff Hodge, the chief investment officer for Cornerstone Wealth, in a statement to investors as reported by CNBC. “We believe that the markets are overly optimistic about interest rates post the first quarter, and we anticipate Powell taking a more hawkish stance, with projections indicating higher rates for a longer duration compared to what is currently being projected by the futures markets.”
Investors are eagerly anticipating a positive turnaround soon, otherwise, the market could potentially face a notably unsatisfactory conclusion to 2022.
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