Catalyst #1 – CPI Preview: Good, Bad & Ugly
CPI Preview: Start a free trial of The Sevens Report.
What’s in Today’s Report:
- CPI Preview: Good, Bad & Ugly
- Weekly Market Preview: The Last Busy Week of 2023 (Inflation Update, Fed Decision & Growth Reports)
- Weekly Economic Cheat Sheet: Inflation Tomorrow, Fed Decision Wednesday, Economic Growth Updates Thurs/Fri
Futures are slightly lower on digestion of the multi-week rally following a quiet weekend and ahead of a the last catalyst-filled week of 2023.
Economically, there was no notable data overnight. Investors are focused on the looming reports this week (CPI tomorrow, Fed Wednesday, growth data Thurs/Fri).
On Japan, a Bloomberg article pushed back on the expectation for rate hikes and Japanese stocks are rallying 1%.
This is the last potentially busy week of 2023 but it starts slowly as the only notable report today is the N.Y. Fed 1 Year Consumer Inflation Expectations (3.6%). If expectations drop sharply (possibly below 3.0%) that could provide a mild boost to stocks. But with key events looming Tuesday-Friday, the bar to move stocks and bonds today is pretty high.
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