Market Movers, Big Day of Economic Reports Ahead
Full Slate of Impactful Economic Reports Set to Be Released. US Economy Personal Income .6% expected .9% Consumer Sentiment 67 expected 66.4 Consumer Spending Up 1.8% expected 1.3% January PCE Up 4.7% New Home Sales 670,000 Beating Expected 620,000 Commodities USDA Export Sales Click for report Cold Storage 2:00 (CST) Cattle on Feed 2:00 […]
Market Insights Thursday Feb. 23
John Caruso Senior Market Strategist Good morning, Market Insight: *Eurozone CPI mm -0.2% vs -0.2% exp vs -0.4% prev. *Eurozone CPI yy 8.6% vs 8.6% exp vs 8.5% prev. *BoE’s Mann: Further tightening and sooner rather than later likely is needed *US Fed Swaps upgrade bets on 25pbs hike in […]
CPI Up, Real Earnings Down.
CPI Inches Up to 6.4%, Real Earnings Down 1.8% Today’s CPI report showed the seventh straight month, prices decreased on a yearly basis to 6.4% from 6.5%, marking the smallest increase since October 2021. However, inflation rose by 0.5% on a monthly basis, up from 0.1% in December. Used car prices and medical care […]
Federal Reserve Stays Course, Raises Rates
Federal Reserve Interest Rate Increase of .25 Brings Benchmark Rate to its Highest Level Since 2007. The Federal Reserve raised short-term interest rates Wednesday by a quarter percentage point, bringing its benchmark rate to a new range of 4.50% and 4.75%, the highest level since October 2007. The central bank acknowledged the slowdown in […]
US Dollar Falls, While Gold, Japanese Yen, and China’s CPI Surge.
USD Falls, While Gold, Chinese CPI, Japanese Yen Surge Thursday trading saw the Dollar tumble to a nearly nine-month low against the Euro. The move comes on the after the BLS report showed US inflation was easing. Leading to speculation that the Federal Reserve will be less aggressive with rate hikes going forward. The decline […]
Hospitality Jobs Outperform Dow Jones Estimate.
Hospitality Jobs Drive Private Payrolls to Outperform Dow Jones Estimate Despite Recent FED Actions. Private payrolls rose by 235,000 for the month, well ahead of the 153,000 Dow Jones estimate and the 127,000 initially reported for November. Service providers added 213,000, led by leisure and hospitality, which added 123,000 positions. The big jobs surprise comes […]
