Stocks saw their biggest rally since 2020 on Thursday after October's consumer price index data came in lighter than expected.
CNBC's Jim Cramer on Thursday said that inflation could finally be cooling off as the freight industry's pandemic boom wanes.
"Why would the Fed need to keep tightening ever harder if the root cause of inflation, moving stuff from place to place, is finally going in the right direction?" he added.came in lighter than expected"When you look at all the positives that went … into today's CPI reading, you keep coming back knowing it was just hard to move goods around," which led to inflated prices for consumers,that logistics giant C.H.
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