US Inflation Will Be Much Lower by End of 2023, Yellen Says
Jill Disis BloombergDecember 12, 2022 Yellen says she is ‘hopeful’ the labor market will be healthy CPI expected to have slowed to 7.3% in November: economists US Treasury Secretary Janet Yellen says inflation will be much lower by the end of next year, as long as there are no unanticipated shocks to the economy. “I […]
Consumers see inflation easing considerably in the next year, New York Fed survey shows
Jeff Cox CNBCDecember 12, 2022 Consumers grew more optimistic about inflation in November amid expectations that both food and energy price increases would be less severe in the coming year, according to a New York Federal Reserve survey released Monday. The central bank’s Survey of Consumer Expectations indicated that respondents see one-year inflation running at […]
Top Money Managers See Global Stocks Gaining in 2023
Sagarika Jaisinghani, Jan-Patrick Barnert, Ksenia Galouchko BloombergDecember 9, 2022 Some of the world’s biggest investors predict that stocks will see low double-digit gains next year, which would bring relief after global equities suffered their worst loss since 2008. Amid recent optimism that inflation has peaked — and that the Federal Reserve could soon start to change its tone— 71% […]
US Year-Ahead Inflation Expectations Fall to Lowest Since 2021
Reade Pickert and Augusta Saraiva BloombergDecember 9, 2022 One-year price views dropped to 4.6% in early December University of Michigan sentiment index climbed to 59.1 US short-term inflation expectations unexpectedly declined to the lowest level in more than a year and consumer sentiment picked up, helped by falling gasoline prices. Consumers expect prices will climb […]
US inflation powering ahead in October, inflation cooling
Lucy Nicholson ReutersDecember 1, 2022 U.S. consumer spending increased solidly in October, while inflation moderated, giving the economy a powerful boost at the start of the fourth quarter as it faces rising headwinds from the Federal Reserve’s aggressive monetary policy tightening.The labor market, the economy’s other pillar of support, continues to show resilience. The number […]
Senior Fed Economist Says Odds of Avoiding Recession Have Risen
Matthew Boesler BloombergNovember 18, 2022 Latest data raise soft-landing chances slightly, Raffo says Minneapolis Fed’s director of research speaks in interview (Bloomberg) A senior Federal Reserve economist said the latest data on consumer spending, wages and prices suggest the central bank’s chances of achieving a soft landing for the US economy have improved a bit […]
US Producer Prices Cool by More Than Forecast on Heels of CPI
Reade Pickert BloombergNovember 15, 2022 Index rose 8% from October 2021; up 0.2% from month earlier Core goods prices declined, while services costs also eased (Bloomberg) —US producer price growth stepped down in October by more than expected in the latest sign that inflationary pressures are beginning to ease. The producer price index for final demand advanced […]
US Retail Sales Rise Most in Eight Months as Consumers Hold On
Augusta Saraiva BloombergNovember 16, 2022 Value of purchases rose 1.3% in October, topping estimates Sales declined at department stores and electronics outlets (Bloomberg) —US retail sales posted the biggest increase in eight months in October, indicating demand for goods is broadly holding up despite decades-high inflation and a worsening economic outlook. The value of overall retail […]
US REACT: Factory Output Flags Lower Goods Prices Ahead
Andrew Husby BloombergNovember 16, 2022 (Bloomberg Economics) —OUR TAKE: October industrial production figures add to a growing ensemble of data flagging softening core-goods inflation ahead, a plus for Fed officials looking to step down the pace of rate hikes. That said, with a tight labor market and robust services-price inflation accounting for the bulk of […]
Three massive market overhangs have started moving in a positive direction for investors in 24 hours
Bob Pisani CNBCNovember 11, 2022 A three-bagger? Three macro issues have dominated the stock market in the last six months: the Fed and inflation, Covid-19 lockdowns in China and the Russian invasion of Ukraine. In the last 24 hours, all three have moved in a manner beneficial to markets. Yesterday, it was signs inflation may […]