17 January 2024
A spike occurred in US Treasury yields after Federal Reserve Governor Christopher Waller downplayed the need for an immediate rate cut.
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16 January 2024
Policy makers will have less important data to parse throughout the week, where Retail Sales and inflation expectations from the University of Michigan may add color to the US inflation picture.
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15 January 2024
Mixed bank earnings reports offset news of lower-than-expected producer-level inflation that supported expectations of a rate cut from the Federal Reserve. US PPI data unexpectedly fell in December (actual: -0.1% mom vs forecast: 0.1% mom) as the cost of goods such as food and diesel fuel declined, while prices for services were unchanged for the third consecutive month, in contrast to higher-than-expected consumer inflation figures on Thursday.
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12 January 2024
Economic data showed US consumer price inflation came in above economists' expectations in December, raising doubts that the Federal Reserve will cut interest rates as quickly as the market expects.
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11 January 2024
The benchmark 10-year US Treasury bond yield held near 4% and the auction of $37 billion worth of securities attracted above-average demand. Wednesday's market gains left the S&P500 index just 0.27% away from the record close of 4,796.56 it reached on January 3, 2022.
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