Macroeconomic and geopolitical headwinds have significantly affected investor sentiment this year. The multi-decade high inflation has prompted the Fed to adopt a hawkish monetary policy stance.
The Fed’s aggressive rate hikes have started yielding results recently, as inflation showed signs of cooling down in October and November. November’s consumer price index (CPI) rose 0.1% sequentially and 7.1% year-over-year, compared to the estimates of 0.3% and 7.3%, respectively.
