Fed statement and projections indicate a shift towards easing in 2024, notes Cooper Howard. He gives an overview of the markets as all four major indices hit new 52-week highs today. He talks about how retail sales suggested continued strength among the consumer. He believes that this week’s PPI and CPI reports are more important for the outlook for inflation. He suggests that it will likely be a bumpy road before we reach the Fed’s 2% target. He then goes over the inflation outlook heading in to 2024. Tune in to find out more about the stock market today.