Are Stagflation Risks Real?
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What’s in Today’s Report:
- Are Stagflation Risks Real?
- Weekly Market Preview: If Treasury Yields Rebound, Will That Hit Stocks?
- Weekly Economic Cheat Sheet: CPI on Wednesday, Important Growth Data Throughout the Week
Futures are slightly higher following a very quiet weekend of news as investors look ahead to a potentially very important week that includes Wednesday’s CPI report.
China announced plans to sell $140 billion in long term bonds to fund more economic stimulus, which will help combat recession fears in that economy.
There was no notable economic data out over the weekend.
Today focus will be on the New York Fed One Year Inflation Expectations (3.0%). If they run hot like we saw in Friday’s University of Michigan Inflation Expectations, Treasury yields should rise and pressure stocks. Outside of that data, we also have two Fed speakers, Jefferson & Mester (9:00 a.m. ET), but they shouldn’t move markets unless they talk about rate hikes.
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