Deflation in December | CPI Data is In - Will the Fed Pivot?

This video will take a closer look at the Consumer Price Index (CPI) data for December 2022 and its impact on the markets. The video will highlight the key takeaways from the report, including the overall decline in consumer prices by 0.1% from November and the 6.5% rise in annual consumer inflation from a year ago, which is a decrease from November's 7.1% increase. Additionally, the video will cover the fact that it was the first time since 2020 that the U.S. saw deflation in consumer prices for the month. The video will also provide context on how this data compares to previous months, specifically June's 9.1%. The video will also delve into the implications of the data for the economy and citizens, specifically President Joe Biden's scheduled speech to the nation about inflation on Thursday morning and the Federal Reserve's potential interest rate decisions in light of the sustained decrease in annual consumer inflation.