Poll results on tomorrow's CPI report...

US CPI has moved down from a peak of 9.1% last June to 6.5% in December. What's driving that decline? Lower rates of inflation in New/Used Cars, Gasoline, Apparel, Medical Care, Food at Home, Gas Utilities, and Fuel Oil.

Dow component returns in 2022... Data via @ycharts

Current market expectations for path of Fed Funds Rate... -November: 75 bps hike to 3.75%-4.00% -December: 50 bps hike to 4.25%-4.50% -Feb 2023: 25 bps hike to 4.50%-4.75% -Pause -Rate cuts start in Sep 2023, continue in 2024... Upward shift of 25 b

The monthly mortgage payment on the median home for sale in the US has increased 42.5% over the last year ($1,674 to $2,385) as mortgage rates have moved from 2.86% to 6.02%.