GMBStaff
12 Dec 23
Stock index futures are showing a modest uptick as investors await the release of November's consumer price index (CPI) data. Economists are projecting no change in the headline figures, but a 0.3% increase in core CPI. The Federal Open Market Committee (FOMC) is closely monitoring these numbers as ...
Stock index futures are showing a modest uptick as investors await the release of November's consumer price index (CPI) data. Economists are projecting no change in the headline figures, but a 0.3% increase in core CPI. The Federal Open Market Committee (FOMC) is closely monitoring these numbers as they kick off their two-day rate meeting. Despite recent concerns about inflation, UBS economist Paul Donovan suggests that disinflationary trends are already in place, and the U.S. is likely to follow the trend of slowing profit-led inflation seen in other developed economies. In the bond market, yields on the 10-year and 2-year Treasuries have declined, with attention turning to the 30-year Treasury auction, which could impact yields in the near term. As the market remains focused on the inflation landscape, the upcoming data release and auction results will be closely watched for their potential market impact.
Disclaimer:This is not financial advice. Please do your own research before investing in any asset.