421 days ago
US Core inflation (excludes food and energy) is expected to remain hot with core inflation month-over-month forecast seen at 0.4%, for 3rd straight month in February. Looking at purely YoY CPI, estimates are around 6%.
439 days ago
US inflation, as measured by the PCE, came at 0.6% for Core PCE, higher than the 0.4% expected. The reading on the Fed's favorite gauge of inflation puts more pressure on the Fed to raise rates higher and keep them higher for longer. Markets reacted with stocks dropping and bond yields rising slightly, particularly the short end of the yield curve. The hot PCE doesn't change necessarily change the narrative and more importantly will be the US jobs report which will arrive on March 10, with CPI a few days later on March 14th.
440 days ago
Core prices in the eurozone increased by 5.3%, more than an initial reading of 5.2% expected. It is likely cementing the European Central Bank’s plan to raise interest rates by another half-point next month.
443 days ago
This week we will have Fed minutes Wednesday, followed by PCE (US inflation) data Friday. And in Europe, German CPI on Wednesday, and Eurozone CPI on Thursday. We will also be watching GDP data, in the US on Thursday, and Germany on Friday. Earnings continue with Walmart, Home Depot, Paloalto Networks, and Coinbase on Tuesday. And semiconductor giant NVIDIA on Wednesday. Booking ✈️, Domino’s 🍕, Alibaba on Thursday. Monday is a holiday in the US, Canada, and Brazil.
