Yahoo Hacker Pro 1.54/6/2023 ![]() ![]() After the November FOMC meeting, Fed Chair Powell said it was “very premature” to consider pausing or ending the rate hiking cycle, noting that inflation remains well above the Fed’s longer-run goals, with price pressures evident across goods and services. The data will be framed in the context of how much progress the Fed is making towards lowering inflation.On an annual basis, headline CPI is expected to rise 7.9%, down from 8.2% last month core CPI sill also slow to 6.5% from 6.6%.Analysts expect headline consumer prices to pick up by 0.6% M/M in October, accelerating from the 0.4% M/M rate in September while the core measure is seen cooling to 0.5% M/M, lower than the 0.6% M/M in September, but a still elevated level vs historical levels.Here, courtesy of Newsquawk, is what to look for. ![]() As discussed earlier, most banks agree that while the midterms are important over the medium and long run, Thursday’s CPI print will be the most important factor to shape the expectations for December FOMC and the market’s near term reaction. ![]()
0 Comments
Leave a Reply.AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |