Friday, December 20, 2024

Stock market cheerleaders say inflation data is encouraging, lower than expected, but it's up lol

 Dow bounces 800 points Friday on encouraging inflation data after rough week: Live updates

 Key Fed inflation measure shows 2.4% rate in November, lower than expected

These people are incorrigible liars.

Headline pce inflation ticked up from 2.30% year over year in October to 2.44% in November. 

Core pce inflation ticked up from 2.79% year over year in October to 2.81% in November.

"We expected worse! Buy stonks!"

And so they did.