What to watch for in the CPI report: Will the sharp decline in inflation stabilize?Thank you for reading this post, don't forget to subscribe!
The rate of price growth is set to nearly halve in 2023, raising expectations of a soft landing.
Fed’s Williams says interest rates need to remain high ‘for some time’ to control inflation
New York Federal Reserve Chairman John Williams said US interest rates would need to remain high “for quite some time” until senior central bank officials are confident that the inflation rate is returning to 2%.
SEC approves Bitcoin ETF for everyday investors
Exchange-traded funds will allow investors to buy Bitcoin as easily as stocks or mutual funds.
S&P 500 inches closer to record high
The meta platform helped propel technology stocks as the S&P index turned positive for 2024.
Australia’s trade surplus widens as imports fall
Australia’s trade surplus widened more than expected in November as imports of non-industrial transport equipment and fuel fell, leading to a sharp decline in prices this month.
Bank of Korea kept the policy rate stable as expected
As widely forecast, South Korea’s central bank kept its policy rate unchanged for the eighth consecutive time, even as expectations for a rate cut this year are rising.
Demand for mortgage refinancing increases nearly 20% after the holiday period
The Mortgage Bankers Association said mortgage applications increased 9.9% over the past two weeks. The average rate for a 30-year mortgage is 6.81%.
US, UK warships hit Houthi barrage in Red Sea
The United States is considering strikes against Houthi targets in Yemen, officials said, as Secretary of State Antony Blinken leads a campaign to prevent an escalation of the conflict in Gaza.
This inflation measure is running rampant. This is probably wrong.
The average consumer-price index suggests that the underlying trend of inflation is stronger than other measures.
US crude oil, products stocks rose in the first week of January
Oil stockpiles rose 1.3 million barrels to 432.4 million barrels in the week ended Jan. 5, while analysts had expected a decline of 600,00 barrels.
(Concluded) Dow Jones Newswire