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*Fed inflation gauge dips below 3%, but spending jump eases bets on interest-rate cuts*

Updated at 9:03 AM EST The Federal Reserve's preferred inflation gauge last month slowed to the lowest pace in nearly three years, although a big jump in consumer spending left at least some concern that price pressures could remain elevated into the coming year. The Bureau of Economic Analysis' PCE Price Index showed core prices eased to 2.9% last month, besting Wall Street's forecast of 3% and the November reading of 3.2%. The reading was also the lowest since March 2021. On a monthly basis, core pressures were up 0.2%, a modestly quicker pace compared with November's 0.1% gain. Markets often key on the bureau's core PCE price index, which the Fed considers a more accurate representation of consumer-price pressures since it blends changes in spending patterns. The headline index, meanwhile, held at an annual rate of 2.6%, matching Wall Street's forecast. On a monthly basis, prices rose 0.2% following the first negative reading since April 2020 in November. "We view today’s PCE and Personal Spending data as bullish for both the Fed’s path to their 2% target and also for the stock market," said Larry Tentarelli, chief technical strategist at the Blue Chip Daily Trend Report. "Based on strong recent GDP data and jobs data, we expect the first rate cut to be in the May-June period," he added. "If jobs and or economic data softens a bit and inflation continues to drop quickly, that could increase the chances of a rate cut in March, but that is not our base case yet." The Fed's preferred inflation gauge fell below 3%, but consumer spending jumped. Shutterstock U.S. stocks turned higher following the data release with futures tied to the S&P 500 indicating a 5 point opening bell gain while those linked to the Dow Jones Industrial Average suggest a 15 point bump. Benchmark 10-year Treasury note yields were 2 basis points higher at 4.143% thanks in part to the higher spending figures included in the release, while 2-year notes were pegged at 4.339%. The U.S. dollar index, which tracks the greenback against a basket of its global peers, was marked 0.2% lower from yesterday's levels at 103.209 CME Group's FedWatch, which is expecting no change from the Federal Reserve on rates when its two-day policy meeting ends next Wednesday, is split on whether the Fed starts cutting rates in March. The odds of a May cut are pegged at around 92%. More economy:Retail sales leap, testing Fed rate-cut betsBond markets’ reaction to key data could be great for stocksWall Street banks’ 2024 profit predictions rely heavily on one key outcomeRelated: Veteran fund manager picks favorite stocks for 2024
[Read more...](https://www.thestreet.com/investing/stocks/fed-inflation-gauge-dips-below-3-but-spending-jump-eases-bets-on-interest-rate-cuts)
Fed inflation gauge dips below 3%, but spending jump eases bets on interest-rate cuts

Updated at 9:03 AM EST The Federal Reserve's preferred inflation gauge last month slowed to the lowest pace in nearly three years, although a big jump in consumer spending left at least some concern that price pressures could remain elevated into the coming year. The Bureau of Economic Analysis' PCE Price Index showed core prices eased to 2.9% last month, besting Wall Street's forecast of 3% and the November reading of 3.2%. The reading was also the lowest since March 2021. On a monthly basis, core pressures were up 0.2%, a modestly quicker pace compared with November's 0.1% gain. Markets often key on the bureau's core PCE price index, which the Fed considers a more accurate representation of consumer-price pressures since it blends changes in spending patterns. The headline index, meanwhile, held at an annual rate of 2.6%, matching Wall Street's forecast. On a monthly basis, prices rose 0.2% following the first negative reading since April 2020 in November. "We view today’s PCE and Personal Spending data as bullish for both the Fed’s path to their 2% target and also for the stock market," said Larry Tentarelli, chief technical strategist at the Blue Chip Daily Trend Report. "Based on strong recent GDP data and jobs data, we expect the first rate cut to be in the May-June period," he added. "If jobs and or economic data softens a bit and inflation continues to drop quickly, that could increase the chances of a rate cut in March, but that is not our base case yet." The Fed's preferred inflation gauge fell below 3%, but consumer spending jumped. Shutterstock U.S. stocks turned higher following the data release with futures tied to the S&P 500 indicating a 5 point opening bell gain while those linked to the Dow Jones Industrial Average suggest a 15 point bump. Benchmark 10-year Treasury note yields were 2 basis points higher at 4.143% thanks in part to the higher spending figures included in the release, while 2-year notes were pegged at 4.339%. The U.S. dollar index, which tracks the greenback against a basket of its global peers, was marked 0.2% lower from yesterday's levels at 103.209 CME Group's FedWatch, which is expecting no change from the Federal Reserve on rates when its two-day policy meeting ends next Wednesday, is split on whether the Fed starts cutting rates in March. The odds of a May cut are pegged at around 92%. More economy:Retail sales leap, testing Fed rate-cut betsBond markets’ reaction to key data could be great for stocksWall Street banks’ 2024 profit predictions rely heavily on one key outcomeRelated: Veteran fund manager picks favorite stocks for 2024
Read more...
*7 Ρ‚ΠΈΠΏΠΎΠ² людСй, ΠΊΠΎΡ‚ΠΎΡ€Ρ‹Π΅ ΠΏΠΎΠΌΠΎΠ³Π°ΡŽΡ‚ Ρ€Π°Π·Π²ΠΈΡ‚ΡŒ ΠΆΠΈΠ·Π½Π΅ΡΡ‚ΠΎΠΉΠΊΠΎΡΡ‚ΡŒ ΠΈ ΠΏΡ€ΠΎΡ‚ΠΈΠ²ΠΎΡΡ‚ΠΎΡΡ‚ΡŒ стрСссу*

НСт, это Π½Π΅ Π΄Ρ€ΡƒΠ·ΡŒΡ ΠΈ Π½Π΅ родствСнники. И Π΄Π°ΠΆΠ΅ Π½Π΅ психологи.
[Read more...](https://lifehacker.ru/kto-pomogaet-perezhit-stress/)
*"Gets Criticized Once"*

Says something incredibly stupid... "Twitter is trying to cancel me" :(( submitted by /u/Sonic_the_hedgedog to r/Gamingcirclejerk [link] [comments]
[Read more...](https://www.reddit.com/r/Gamingcirclejerk/comments/19fk69q/gets_criticized_once/)
"Gets Criticized Once"

Says something incredibly stupid... "Twitter is trying to cancel me" :(( submitted by /u/Sonicthehedgedog to r/Gamingcirclejerk link comments
Read more...
*AITA for refusing to babysit my biological daughter for my parents*

I’m 15 and my daughter is turning 2 soon. I got pregnant from SA and my parents offered to raise her for me instead of me being involved which I agreed to. They handle everything with her and I haven’t held her or changed a single diaper or anything like that. I just can’t do it mentally since she’s a reminder of what happened to me and it’s better for the both of us if this stays like this. There’s an event my parents are going to next week and they asked me to babysit her for the day and I told them I couldn’t do it. I can’t even handle looking at her without getting upset. I told them they’d have to either take her with them or find a babysitter. We had an agreement when I had my daughter that they’d do everything and I would not be expected to do ANYTHING with her. They’ve been ok with this situation for almost 2 years and I see no reason for that to suddenly change. They’re super upset with me and decided not to go to the event. Edit: because apparently so many people seem to think thi was a choice to keep the baby, it wasn’t. I begged for an abortion and when refused one I begged for adoption and this was also denied. Thank you all for your kind words, support and for defending me after some very nasty people decided to try and use this thread to hurt me. Thank you all so much submitted by /u/Full-Layer-3707 to r/AITAH [link] [comments]
[Read more...](https://www.reddit.com/r/AITAH/comments/1ab99jv/aita_for_refusing_to_babysit_my_biological/)