After China's reopening and a series of positive data surprises in recent weeks, economists are revising their previously pessimistic outlooks for the global economy.

This provides another hopeful sign that price pressures are continuing to ease from their highest level in decades.Inflation ended the year at 6.5% according to the consumer price index, the U.S. Bureau of Labor Statistics said Thursday. This was in line with what economists had predicted.

The decline in the consumer price index in December brings the Federal Reserve closer to achieving its inflation target, though it is unlikely to signal any change in policy in the near future.The key inflation gauge fell by 0.1% last month, which was in line with what market analysts had predicted. This is the biggest drop that has been seen since April of 2020.

This year, the Nasdaq 100 Index has risen by 4.2%, outpacing the 3.4% increase for the S&P 500 Index. This

The consumer price index (CPI) fell by 0.1% in May, in line with expectations. This was the largest month-over-month decrease since April 2020, when much of the country was in lockdown due to the Covid pandemic.‍