News Formal

The stock market set-up heading into the crucial CPI report Thursday morning

  • 📰 CNBC
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 72%

Portugal Notícia Notícia

Portugal Últimas Notícias,Portugal Manchetes

Stocks are rallying on a bet that inflation (particularly wage inflation) is moderating and that job growth will slow down but not collapse.

That is the soft landing. Thursday's CPI at 8:30 a.m. ET is expected to confirm the inflation is slowing story. After peaking in June of 2022 at 7.1% year over year, December CPI is expected to come in at 6.6%, according to the Dow Jones consensus estimate. Month over month inflation is expected to be flat — no growth in inflation at all. That's good news for bulls.

"It would take a real regime shift in the environment to meaningfully alter the FOMC's course," Mike O'Rourke from Jones Trading said in a note to clients. "It would take months or even quarters of [inflation moving down] trend to move the policy needle at the FOMC." Besaw agrees. His research indicates it takes 6 to 12 months for the increase in the Fed funds to have an impact on the components of inflation.

Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

 /  🏆 12. in PT
 

Obrigado pelo seu comentário. Seu comentário será publicado após ser revisado.

Everyone knows it’s down .2%. Leaked

Portugal Últimas Notícias, Portugal Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

Why Thursday’s U.S. CPI report might kill stock market's hope of inflation melting awayA mild stock market rally to kick off the new year will be put to the test Thursday when investors face a highly-awaited inflation reading which could well... AVYA $AVYA
Fonte: MarketWatch - 🏆 3. / 97 Consulte Mais informação »

US CPI Preview: Softer print to send stocks higher – JP MorganAnalysts at JP Morgan offer various scenarios for the United States Consumer Price Index (CPI) data due on Thursday and its market impact. Key quotes
Fonte: FXStreetNews - 🏆 14. / 72 Consulte Mais informação »

Stocks becalmed before potential CPI stormAsian stocks hovered below seven-month highs on Thursday, as investors waited to see whether U.S. data will confirm inflation is in retreat, while the yen rose with a report Japan will next week review the side-effects of its ultra-easy policy. Prediction: decent CPI reading and stocks move way higher. Then a massive correction. Will these data determine an owl or a hawk 🤭
Fonte: Reuters - 🏆 2. / 97 Consulte Mais informação »