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After a run of hot inflation readings, the US economy appears to be back in the “Goldilocks” zone.That’s good for markets and everyday Americans, as inflation stays cool and GDP continues to grow. A goldilocks economy also lowers the risk the Fed will be forced to resume rate hikes. The latest inflation data has nudged the US economy back onto a path that points to cool inflation, steady growth, and stable interest rates, Wall Street strategists say. December inflation data has put the economy in the “Goldilocks” zone, Bank of America said Thursday. Headline inflation accelerated as expected in December, while core inflation, which strips out more volatile food and energy prices, rose 3.2% year over year, according to the Bureau of Labor Statistics, slightly under expectations for 3.3% core price growth. On a monthly basis, core CPI rose less than expected in December, After a few months of hotter readings, the data hit a sweet spot that suggests inflation is cooling even as other areas of the economy like the job market—are staying strong.Investors had lost some hop to lose hope for the elusive Goldilocks scenario late last year, when markets began to weigh the prospec …
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