The U.S. annual inflation rate slowed to 6.5 percent in December 2022, from 7.1 percent in November 2022, according to the Bureau of Labor Statistics. The consumer price index dipped by 0.1 percent month over month.
The core inflation rate, which excludes the volatile food and energy sectors, eased to 5.7 percent last month, from 6 percent in the previous month.
Major U.S. stock indexes ended Jan. 12 with modest gains after the latest inflation data.
NTD talked to Jim Iuorio, veteran trader and managing director at TJM Institutional Services, about where inflation is going and how the Federal Reserve will react.
