November Cpi comes in lower than expected

The Consumer Price Index measure climbed 7.1 percent in November compared to a year earlier, less than the 7.3 percent that economists had expected and a slowdown from 7.7 percent in the previous reading.

Between October and November, prices also picked up more slowly than forecast.

Stocks rallied over 2% at the open.

As inflation cools down, so may the Fed’s counter measures. Interest rates may stay high to ensure inflation trends lower, but the ceiling is in sight.