December CPI rose 2.9 % YOY matching the expected 2.9%. Core CPI rose 3.2% LESS than the expected 3.3%.
Posted: Jan 15, 2025
- December CPI and Core CPI increased as expected
- The Fed has cut interest rates and plans to make more cuts in the future
- The economy is expected to benefit from lower interest rates and looser regulations
- Inflation affects borrowers with low FICO scores
- The Consumer Price Index increased due to energy and food
- Various indexes increased or decreased over the month and year
- Tesla ($TSLA) stock has dropped over 20% since September
- The company has faced challenges including production issues and Elon Musk's controversial tweets
- Analysts are concerned about Tesla's future profitability and demand for its vehicles
- Despite the stock drop, some investors believe Tesla will rebound in the long term
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