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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.