Inflation Higher Than Expected, Stocks Dump on Rate Fears

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  • #15010
    TradersCom
    Keymaster

    [article]580[/article]

    #15011
    Assistanc3
    Participant

    higher inflation on energy- specifically gas prices – specifically out west. But what have gas prices done since January?


    #15012

    [b]another good link — As good news we are only down about -130 rather than over 300 points on DOW projected earlier
    https://finance.yahoo.com/news/inflation-heats-stocks-tumble-134723028.html%5B/b%5D

    QUOTE — Following Wednesday’s inflation data, stock futures were sharply lower with Dow futures down as many as 330 points, or 1.3%, with S&P 500 and Nasdaq futures also down more than 1.2%. Treasury yields were also higher, with the 10-year hitting 2.87% and the 2-year hitting 2.14% as bond markets anticipate potentially more aggressive action on interest rate hikes from the Federal Reserve this year. As of December, the Fed expected it will raise interest rates three times this year.

    #15013
    ThePitBoss
    Participant

    [quote=”CautiousInvestor” post=4776][b]another good link — As good news we are only down about -130 rather than over 300 points on DOW projected earlier
    https://finance.yahoo.com/news/inflation-heats-stocks-tumble-134723028.html%5B/b%5D

    QUOTE — Following Wednesday’s inflation data, stock futures were sharply lower with Dow futures down as many as 330 points, or 1.3%, with S&P 500 and Nasdaq futures also down more than 1.2%. Treasury yields were also higher, with the 10-year hitting 2.87% and the 2-year hitting 2.14% as bond markets anticipate potentially more aggressive action on interest rate hikes from the Federal Reserve this year. As of December, the Fed expected it will raise interest rates three times this year.[/quote]

    Indeed but we get a good indication of just how fractious it all is

    #15032
    TradersCom
    Keymaster

    US January producer price index
    PPI +0.4% vs +0.4% expected, Prior 0.0%
    Ex food and energy +0.4% vs +0.2% exp
    Ex food, energy and trade +0.4% vs +0.2% exp
    Final demand 2.7% y/y vs +2.4% exp
    Ex food and energy +2.2% y/y vs +2.0% exp

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