Description
US equities were higher this week, with the S&P and Nasdaq each logging their fifth straight week of gains. There was a blizzard of Fed-speak this week, though nothing to seriously shift market expectations for another 25bp FOMC rate cut in November. September's headline and core CPI readings came in a bit ahead of consensus, seeing increases in categories such as airline fares, used cars, and vehicle insurance. Headline and core September PPI, on the other hand, were largely in line with consensus.
US equities finished mostly lower in Wednesday trading, though ended off worst levels, with the Dow Jones, S&P500, and Nasdaq closing down 31bps, 38bps, and 60bps respectively. October core PCE was in-line, while October durable-goods orders were a bit below consensus. Second estimate of Q3...
Published 11/27/24
US equities were mostly higher in Tuesday trading, near best levels. Tariff threat was the big story today after Trump posted Monday night that as part of his first executive orders, he will impose additional 10% tariffs on China goods and 25% tariffs on Mexico and Canada. Economists downplayed...
Published 11/26/24