Stocks could suffer if U.S. inflation cools less rapidly as once thought, Deutsche Bank warns

New data showing inflation in the U.S. hasn’t cooled as quickly as previously thought could help spur a selloff in stocks and bonds, according to a top Deutsche Bank strategist.

In his latest chart of the day, Jim Reid, Deutsche Bank’s head of thematic research, highlighted the latest annual revisions to the monthly consumer-price index data, which were released by the Bureau of Labor Statistics on Friday. “Core inflation has still been falling since June but the pace has been less extreme than previously thought,” Reid said in a client note on Monday.

“…[T]hese revisions, alongside fresh increases in used car prices , and the recent strong payrolls print complicates the near-term inflation picture and the job of the Fed,” Reid said. Another risk to markets is that the latest adjustments from the BLS give more weight to a key measure of housing costs known as owners’ equivalent rent, which hasn’t declined as quickly as other aspects of the CPI price basket, Reid said.

Market strategists blamed the weakness on fears that stubbornly high wage growth and services-sector activity could help to reverse the decline in price pressures observed over the past six months.

Nah, NYSE is shockingly and irrationally resilient.

Sounds like they're afraid the USA will recover earlier than they will.

Lol no shit

Colombia Últimas Noticias, Colombia Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Top Wall Street analysts like these stocks for the long haulTipRanks analyst ranking service pinpoints Wall Street's best-performing stocks, including Costco and Amazon. If You Need Any kind Of Business Capability Statement Design please feel free to contact us here-
Fuente: CNBC - 🏆 12. / 72 Leer más »

Wall Street Week Ahead: Last year's laggards lead U.S. stocks' 2023 rebound, for nowU.S. stocks that took a beating last year are surging in the early weeks of 2023, leading markets higher. Some investors believe that trend is unlikely to last.
Fuente: Reuters - 🏆 2. / 97 Leer más »

Last year's laggards lead U.S. stocks' 2023 rebound, for now By Reuters*WALL ST WEEK AHEAD: U.S. INFLATION DATA, RETAIL SALES, MORE EARNINGS TO DRIVE MARKETS - $DIA $SPY $QQQ 🇺🇸🇺🇸 Rough week ahead
Fuente: Investingcom - 🏆 450. / 53 Leer más »

CNBC Daily Open: Oil pops and stocks flop — the U.S. economy is back in familiar territoryAs oil pops and stocks flop. the U.S. economy returns to familiar territory. But investors want a fresh start. What kind of bullshit headline is this? Take care . The medias want Hunt more bears, take care . Manipulate market .Always
Fuente: CNBC - 🏆 12. / 72 Leer más »