Marc Chandler - US Data Recap And Market Reactions: US Dollar, Interest Rate Implications
Description
Marc Chandler, Managing Partner at Bannockburn Global ForEx and Editor of Marc To Market joins me to provide an extensive recap of the latest US economic data, including inflation reports (CPI and PPI), retail sales, and industrial production figures. Marc emphasizes the significance of the CPI, noting its slight increase, and discusses the implications for future inflation trends and the potential for a Fed rate cut in December.
We recap Jerome Powell's comments from this week which influenced market sentiment and led to significant market drop by the end of the week. Marc explains how the market's reaction to Powell's indication that the Fed is not in a rush to cut rates affected various indices, including the S&P, NASDAQ, and small-cap stocks.
We also analyze the recent performance of the US dollar, its driving factors, and how it compares globally. Additionally, we delve into the bond market's behavior, especially in light of contradictory movements against Fed expectations.
Looking ahead, the conversation covers anticipated economic events and their potential to shift market directions, such as upcoming jobs and inflation data, as well as key political appointments.
Click here to visit Marc’s site - Marc To Market.
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