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US stocks rise as inflation cools, CPI eases fears

US stocks (^GSPC, ^IXIC, ^DJI) closed higher on Wednesday as inflation cooled, with the December CPI report easing concerns. The inflation data showed the December CPI rising 0.4% monthly and 2.9% annually, while Core CPI, excluding volatile food and energy costs, increased 0.2% month over month and 3.2% year over year. Yahoo Finance reporter Josh Schafer joins Asking for a Trend host Josh Lipton to discuss how falling shelter prices have helped ease inflation fears and could potentially influence Federal Reserve decisions. Additionally, while Big Banks saw positive earnings today, regional banks also saw gains as the broader market watches for further developments in inflation and earnings. To watch more expert insights and analysis on the latest market action, check out more Asking for a Trend here. This post was written by Josh Lynch