The Data Point that Saved Christmas

CPI data comes in soft… when and how many rate cuts might 2026 bring?… more drama surrounding the Fed Chair nomination… how today’s data impacts 2026… a trip down memory laneVIEW IN BROWSERThis morning’s cool CPI report cleared the runway for a Santa Rally – and perhaps more importantly, for more rate cuts than expected in 2026.Now, markets have cooled a bit as I write mid-afternoon, but the inflation signal itself is the real takeaway.Diving into the details, the November Consumer Price Index (CPI), which ...