Week Ahead: Inflation, Earnings in Focus as Market Looks Ahead to 2023 | Investing.com

  • 📰 Investingcom
  • ⏱ Reading Time:
  • 61 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 28%
  • Publisher: 53%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

⚠️Wall Street Week Ahead: *Inflation, Earnings in Focus as Market Looks Ahead to 2023 - $DIA $SPY $QQQ $IWM $VIX

, but it remains within its downtrend. Bulls have gotten excited with every rebound. Each time the price reached the channel top, I pointed out that each previous rally had ended there. Each time, bulls have ridiculed me. Since the last time I said it, the benchmark has fallen for five straight weeks, the longest losing streak since mid-May's seven-week drop. The downtrend's test will be the 200-week moving average, which bears could not break through in June, September, or October.

Bond-market bulls are taking advantage of the recent rally in shorter-dated Treasuries following the December jobs report, which showed slowing wage growth and a contraction in the service-sector economy. This has led to speculation that the Federal Reserve is approaching the end of its current rate-hiking cycle and may start easing monetary policy by the end of the year.

In addition, there is a significant disagreement between the financial markets and Fed officials; the latter plan to continue raising rates until inflation approaches the central bank's 2% target. Priya Misra, head of global rates strategy at TD Securities, told Bloomberg she believes the market is incorrect in anticipating a return to Fed rate cuts and said she expects the Fed to raise its key rate to around 5.5% and keep it there for the entire year.

than the 2-year benchmark. If data shows that inflation is persistent and the economy remains strong, Treasury yields may rise further as the expected easing is removed from the market.Swap traders predict that the Fed will continue raising its benchmark rate until it reaches just under 5% in June before it is lowered to around 4.5% by the end of the year.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

....alright....me ready...

🔥⚠️

Week of Reckoning (?)

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 450. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

U.S. labor market powers ahead, but wage growth loses steamThe U.S. economy added jobs at a solid clip in December, pushing the unemployment rate back to a pre-pandemic low of 3.5% as the labor market remains tight, but Federal Reserve officials could draw some solace from a moderation in wage gains. DemsCreateJobsNotChaos Lies... StopHazaraGenocide LetAfghanistanGirlsLearn Stand with Hazara for justice. Hazara genocide and forced displacement of Hazara started 130 years ago and still running. It is time to stand with us.
Source: Reuters - 🏆 2. / 97 Read more »

Washington housing market freezes ahead of potential recession“It’s best described that we ended the year with a whimper rather than a roar,” said Matthew Gardner, Chief Economist for Windermere Real Estate, on Seattle’s Morning News.
Source: Mynorthwest - 🏆 438. / 53 Read more »

Biggest Movers: ETC Surges 14% to Hit 6-Week High on Saturday – Market Updates Bitcoin NewsEthereum classic was one of the biggest movers to start the weekend, as prices surged to a six-week high. Polygon also gained on Saturday. Ok great, I only listen to ChiefraFba for signals and analysis!..I have a 92% win rate in 3 months of copying his signals! MATIC to the moon 🚀🌙
Source: BTCTN - 🏆 531. / 51 Read more »