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.
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