Read the highlights of this week’s commentary from Helios:
The Fed raised rates another 50 basis points, which is what the market effectively expected, though there was some chance of a 75 basis point hike, bringing the target policy rate to 4.25%- 4.5%.
November had another better-than-expected inflation report that showed that both yearly headline and core inflation slowed down, the second month in a row where this happened. November’s retail sales fell 0.6%, particularly hurt by car and car part sales, which dropped by 2.3%. While car sales pulled down the headline number, declines were widespread across the economy and included retail stores, online retailers, and furniture stores.
Want to learn more about Helios Quantitative Research? Click Here to schedule a meeting with one of our representatives!