Cooling in November. 
Welcome to the Know the Difference Minute for Tuesday, December 13th.
A day ahead of the Fed meeting–the Consumer Price Index is doing its part. 
November's CPI was up 7.1% over the last 12 months — the lowest since the end of 2021. Still in the 7’s—but down from the 7.9% spring peak. 
Many consider Core CPI as a better indicator as it excludes food and energy which can be volatile. It has risen 4.2% over the last 3 months. Breaking it down further, core prices rose only 0.2%, the lowest since August 2021. That works out to a 2.4% annual rate, consistent with the Fed's inflation target.
Too early for me, but I am starting to hear chatter about the possibility of a ‘soft landing’ for the economy.  Next up, tomorrow’s Fed announcement on interest rate hikes. Most have 50-basis points penciled in. 
I’m Dave Spano from Annex Wealth Management.  That is your Know the Difference Minute.