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Stock Investors Brace For Possibly The "Most Important Inflation Reading In Recent Memory"
Wednesday's CPI data for December have investors exposed to surprises in either direction. The stakes are high because investors are exposed to surprises in either direction from the CPI report. The annual headline CPI inflation rate - which fell for six straight months from April to September 2024 - is now anticipated to edge back up for a third straight month, to 2.9% from 2.7% in November, based on the median estimate of economists polled by the Wall Street Journal. Expectations are for this annual headline rate to approach 3% for the first time since July, a few months before the Federal Reserve delivered the first of its three 2024 rate cuts.Reynolds said the process of re-evaluation could last "until confidence is reanchored at a reasonable range around 2%." He added that a 10-year yield of 5% is possible, depending on how meaningful any acceleration in CPI inflation turns out to be. In addition, traders would continue to pull back on their expectations for further easing by the
Stock Investors Brace For Possibly The "Most Important Inflation Reading In Recent Memory"Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.