On today’s show, US inflation is down to 3.2%, what does this mean for America going forward? US Stocks saw their biggest single day gain for 2023, does this mean America is back on top? The US Inflation rate for October 2023 was down to 3.2% falling from 3.7% in its previous month. Consumer prices had remained relatively the same since September 2023 and rent rates continue rising but it was at a much slower rate than that in September. With lower inflation and the Fed not raising interest rates, investor confidence was up again and the stock market saw the biggest single day gain in 2023 on Wednesday November 15. Basic food necessities such as milk, eggs, poultry and fish actually saw a 0.7% increase while dairy saw a 0.3% increase from September. Fruits and vegetables actually did not see any change from September but was up 1.1% over its previous year. Fuel oil saw the largest decrease of 21.4% year on year which meant that this would have had the largest impact on the CPI and so with the constant fight by the Fed, things were finally heading back to pre-pandemic levels. The data suggested that energy and fuel has been trickling downwards over the last 12 months and so consumers would have spent a little bit less on these items. Core inflation which removes food and energy was actually down 4.0% for October from 4.1% in September. The largest contributors to this would be the reductions in used car and trucks of 7.1% year on year and Medical Care Services down by 2%. With the housing markets, prices still have been struggling to reduce with rents rising by 7.2% over the previous year and owners equivalent to rents rose by 6.7% over 12 months. In a recent interview with Bloomberg, Cathie Wood, CEO & CIO of Ark Invest has shared that the CPI figures released by the Fed was expected for this month. Cathie also referred to staples prices which remained high but the volumes were actually declining due to the demands and will be forced to start cutting prices in the future. With the new CPI data, one can only wait and see what the Fed does going forward as inflation is moving in the right way. One should not forget though that the growths experienced post summer, i.e. August and September is not a likely trend to sustain. Now the stock markets in America saw one of if not the largest rally for 2023 on November 15. The main boost in the US Stock market is the recent inflation and CPI report which would have been some positive news for investors who would be more willing to invest their funds in the markets. Target saw an increase in their share price of 17.95% on Wednesday closing at US$130.54. Targets best day on the stock market for 2023 with earnings this strong, investors would seek them as an ideal opportunity. Also impressively performing on the market was Nvidia who saw shares breaking the 500 price and reached an all time high of $502.66, giving them a market cap of 1.24 Trillion dollars. The stock market has been doing well for the last 3 days, but as with anything during this time of uncertainty, one should invest with caution, focus on the fundamentals and not market activities as the market may be doing well today but no one knows what it will be like in the next quarter or 2. We can only hope that things progress as is and the Fed continues to manage the situations and prevent a recession from happening.