Your current location is:{Current column} >>Text
Producer prices, core prices, Michigan consumer sentiment: 3 things to watch By
{Current column}25People have watched
IntroductionBy Liz Moyer-- Stocks rebounded after days of losses as investors tried to shrug off concerns about ...
By Liz Moyer
-- Stocks rebounded after days of losses as investors tried to shrug off concerns about a recession.
The message8 foreign exchangeconcerns are being fueled by actions by the Federal Reserve to tame inflation, namely consecutive interest rate increases that some fear could ultimately tip the economy into a recession. The Fed next meets on Tuesday and will release its decision on rates on Wednesday. The is that it will raise its benchmark by a half-percentage point, which is lower than its previous four rate hikes.
Still, strong job numbers and rising wages are a sign inflationary pressures linger, and could make the Fed keep rates higher for longer. That has weighed on growth stocks in recent days.
This month will still feature data on producer prices and consumer sentiment, both due out on Friday, as well as inflation readings. Investors will be listening to what Fed Chair Jerome Powell says at next week's press conference for hints on where the Fed is headed next.
Here are three things that could affect markets tomorrow:
1. Producer prices
The is due out at 8:30 ET (13:30 GMT), and analysts expect it to inch up 0.2% in November from the prior month.
2. Core PPI
The number, due out at the same time, is also expected to rise 0.2% from the prior month.
3. Michigan sentiment
The University of Michigan's reading for December is due out at 10:00 ET. Analysts are expecting a reading of 56.9.
Statement: The content of this article does not represent the views of FTI website. The content is for reference only and does not constitute investment suggestions. Investment is risky, so you should be careful in your choice! If it involves content, copyright and other issues, please contact us and we will make adjustments at the first time!Tags:
Related articles
Tesla cuts prices in US to spur demand By Reuters
{Current column}(Reuters) - Tesla (NASDAQ:) Inc has slashed prices of its electric vehicles in the United States, it ...
Read moreShares jump on tech boost; fragile yen on intervention watch By Reuters
{Current column}By Ankur Banerjee and Alun JohnLONDON/SINGAPORE (Reuters) -World stocks rose on Wednesday led by tec ...
Read moreOil prices fall after Iran attack as market draws down risk premium By Reuters
{Current column}By Colleen HoweBEIJING (Reuters) - Oil prices fell at Asia's open on Monday, as market participants ...
Read more
Popular Articles
- Oil prices slip as big draw in crude stocks plays second fiddle to economic jitters By
- Meta shares slump 15%, drag down peers as revenue guidance disappoints By
- Oil prices dip as Iran
- Oil prices fall after Iran attack as market draws down risk premium By Reuters
- 4 big analyst cuts: Amplitude pelted with 3 downgrades after weak guidance By
- Dollar rally stalls after rare FX warning from finance chiefs By Reuters
Latest articles
-
'Big Short' investor Michael Burry says he was 'wrong' to tell investors to sell By
-
Political heat prods Japan, South Korea to team up on weak currencies By Reuters
-
Micron Technology stock rises on report of over $6 bln in CHIPS Act grants By
-
Fundamental Satoshi Nakamoto Statement Revealed From Hidden Emails By U.Today
-
4 Stocks That Tend to Do Very Well in May
-
Stock Market Today: S&P 500 in longest losing streak since October as yields jump By