Daniel Berkowitz News Today

CPI/PCE inflation data have been a mixed bag lately, with easing across headline metrics though stickiness in other important data cuts like core services inflation excluding shelter.

On the inflation front, we have a mixed bag of news early this week. A surprise announcement from OPEC+ to reduce output by one million barrels per day led to a jump in prices.

The market mood appears to have turned defensive as traders shift their attention back to economic data, given the implication they can have ...

Volatility could persist in the week ahead with fading momentum and a big jobs report.

PCE inflation and consumer spending data are buoying investors’ sentiment today, with stocks trading up after a relatively soft report.

The Fed is now more than ever caught between its desire to combat inflation and its responsibility not to further inflame the wreckage caused by the collapse of SVB. 

Investors also focused on the February CPI report, which gave a mixed picture on inflation.

Fed Chair Jerome Powell said the central bank could raise rates more than expected if economic data remains strong.

A rise in Treasury yields on Tuesday appeared to finally catch the previously resilient stock market, leaving the Dow Jones Industrial Average and other

While his comments weren’t as forceful as they could have been in addressing the market’s expectation for interest rate cuts in 2023