Financial News
- Vladimir Zernov
The University of Michigan noted substantial improvements in how consumers view the trajectory of inflation.
- James Hyerczyk
In November 2023, the PCE price index edged up by 0.1%, reflecting controlled inflationary pressures.
- Bob Mason
UK retail sales beat forecasts on Friday, countering effects of the UK inflation numbers on sentiment toward Bank of England monetary policy plans.
- Ibrahim Ajibade
Argentina’s new government has “ratified and confirmed” that contracts denominate in Bitcoin can be officially recognized by the country’s courts.
- Vladimir Zernov
Mild weather remains a key problem for natural gas bulls.
- James Hyerczyk
In the third quarter of 2023, U.S. real GDP growth slowed to 4.9%, adjusted down from an initial 5.2% estimate.
- Vladimir Zernov
The Expectations Index moved back above the key 80 level, which is historically associated with recession.
- James Hyerczyk
The October 2023 Euro Area current account marked a substantial surplus of €34 billion, exceeding expectations and the previous month’s €31 billion.
- Bob Mason
UK inflation figures for November could force the Bank of England to reconsider its interest rate goals and begin discussions about rate cuts.
- Bob Mason
The USD/JPY tumbled in response to the Bank of Japan monetary policy decision. However, BoJ Governor Kazuo Ueda will be in focus at the press conference.
- Vladimir Zernov
NAHB noted that buyers who were previously priced out of the market were taking a second look.
- James Hyerczyk
The ifo Business Climate Index’s fall to 86.4 points in December mirrors the growing unease in German businesses.
- Bob Mason
Inflation figures from the Eurozone, the UK, and the US could influence bets on monetary policy while the BoJ considers a pivot from negative rates.
- Bob Mason
Increasing scrutiny of the US digital asset space and the SEC countered the positive effects of dovish FOMC projections to leave cryptos in the red.
- Dennis Shen
Scope Ratings’ baseline for 2024 is for a soft landing for the global economy, a turn of the global rate cycle, fiscal pressure, and ongoing geopolitical risk.
- Vladimir Zernov
The manufacturing sector remains under pressure as factories reduce production.
- James Hyerczyk
Empire State Survey shows New York manufacturing decline with falling orders and shipments, maintaining a bearish outlook.
- Bob Mason
Following the inflation numbers from the weekend, economic indicators from China revealed an uptick in economic activity midway through Q4 2023.
- Vladimir Zernov
European Central Bank noted that current interest rates would push inflation towards the 2% target if they are maintained for a sufficiently long duration.
- Vladimir Zernov
The federal funds rate projection for 2024 was changed from 5.1% to 4.6%.
