Inflation in December 2022 slid further after a consecutive decline in October and November. Prices increased by 6.5%, marking the slowest inflation rate in more than a year. In addition, the job market remains tight, adding 223,000 jobs in December, higher than expected.
Amid favorable macro data, Peter Essele, head of portfolio management for Commonwealth Financial Network, believes, "The likelihood of a soft landing is probably greater now than it was in the past 12 months."
.jpeg?w=600)
