The First Slice for Thursday, January 11, 2024

The First Slice for Thursday, January 11, 2024

The First Slice for Thursday, January 11, 2024

In recent news, U.S. stocks saw a rise, but the S&P 500 fell short of its all-time high due to comments from a key Federal Reserve policymaker. This week’s primary concern for investors is inflation and its impact on bond markets and the Federal Reserve’s monetary policy. All eyes are on Thursday’s December consumer price index (CPI) reading, which will provide insights into the inflation trend. Additionally, Friday brings high-profile corporate earnings reports from major banks like JPMorgan Chase, Bank of America, Citigroup, and Wells Fargo.

Market experts are cautiously optimistic about the prospects of disinflation, hoping for the Federal Reserve to cut interest rates sooner rather than later. However, there are concerns that inflation may not decline as expected, given the global economic environment. New York Fed President John Williams mentioned that interest rates may need to remain high until inflation returns to the Fed’s target of 2%.

The S&P 500, while close to a record high, did not quite reach it, reflecting the market’s uncertainty regarding the future of inflation. The yield on the 10-year Treasury note, a key indicator of borrowing costs, has decreased over the past few months. Inflation needs to move closer to the Fed’s 2% target to maintain the market’s bullish outlook, making December’s CPI figures crucial.

Economists expect the annual headline CPI inflation to increase to 3.2% in December, while the core reading (excluding volatile items) is expected to fall to 3.8% year-over-year. Despite potential improvements, some economic factors remain beyond the Fed’s control, like supply chain volatility, geopolitical risks, and the possibility of inflation resurgence……….First-Slice-e1700879991202 The First Slice for Thursday, January 11, 2024[read more]

0 0 votes
Article Rating
stone-street-coffee-logo The First Slice for Thursday, January 11, 2024 ☕️ **Discover Stone Street Coffee Company – Your Coffee Haven!** Today’s Dough readers, if you’re on the hunt for exceptional coffee and cold brew, look no further than Stone Street Coffee Company. We at Today’s Dough are smitten with their rich coffee blends and refreshing Cold Brew. Stone Street’s commitment to quality shines through in every sip. Now, exclusively for our readers, click the banner above to snag a $5 off coupon on your next order. Experience the finest, ethically sourced beans roasted to perfection. Join the Stone Street community, savor top-notch coffee, and elevate your daily brew. ☕️🌟

Subscribe
Notify of
d0594e85ecaf526303ada15e1f4cf210?s=56&d=mm&r=g The First Slice for Thursday, January 11, 2024

0 Comments
Inline Feedbacks
View all comments

Share this content:

0 0 votes
Article Rating
stonestreetcoffee.com ☕️ **Discover Stone Street Coffee Company - Your Coffee Haven!** Today's Dough readers, if you're on the hunt for exceptional coffee and cold brew, look no further than Stone Street Coffee Company. We at Today's Dough are smitten with their rich coffee blends and refreshing Cold Brew. Stone Street's commitment to quality shines through in every sip. Now, exclusively for our readers, click the banner above to snag a $5 off coupon on your next order. Experience the finest, ethically sourced beans roasted to perfection. Join the Stone Street community, savor top-notch coffee, and elevate your daily brew. ☕️🌟

Subscribe
Notify of
guest

0 Comments
Inline Feedbacks
View all comments
0
Would love your thoughts, please comment.x
()
x
×