U.S. Inflation Drops To 7.1% Over Past 12 Months

The video discusses the recent decline in the US inflation rate, which came in at 7.1% for November, beating expectations. President Biden claims this as evidence of successful economic policies. In contrast to rising inflation in other major economies, the US has seen a decline for five consecutive months. The stock market responded positively, with significant gains in major indices.

What was the reaction of Wall Street to the inflation report?

What are the current trends in the stock market following the inflation report?