October 2022 PCE: 299.471
November 2022 PCE: 300.06
Source: https://fred.stlouisfed.org/series/CPILFESL
This is a measely 0.19668% increase, extropolated over 12 months = 2.36016%
So we are basically back on track already for 2% inflation. Any reason why this shouldn't be seen as extremely bullish for stocks?
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