Previous![Ripple CEO Declares Intent To Bring XRP Battle To Supreme Court]( "Ripple CEO Declares Intent To Bring XRP Battle To Supreme Court")
Ripple CEO Declares Intent To Bring XRP Battle To Supreme Court
Ripple CEO Declares Intent To Bring XRP Battle To Supreme CourtNext![The ECB, Corporate Earnings, and Fed Chair Powell in Focus]( "The ECB, Corporate Earnings, and Fed Chair Powell in Focus")
The ECB, Corporate Earnings, and Fed Chair Powell in Focus
The ECB, Corporate Earnings, and Fed Chair Powell in Focus
Bank of Montreal have previewed next week’s US CPI data, due on Tuesday November 14 at 1330 GMT (0830 US Eastern time):
This
snapshot from the ForexLive economic data calendar, access
it here.
-
The
numbers in the right-most column are the ‘prior’ (previous
month/quarter as the case may be) result. - The number in the column
next to that, where there is a number, is the consensus median
expected.
BMO:
- the latest slide in U.S. oil prices follows a serious run at the $100 figure in September. Rising OPEC exports, a large build in U.S. crude stocks, and concerns about China’s economy have taken the shine off black gold.
- Meantime, gasoline prices are mining eight•month lows.
- The slide in fuel costs has two important economic effects. They support spending, providing resilience in the face of high interest rates. And, they reduce inflation, with next week’s CPI report likely to see the headline rate dip back into the low-3s.
- Together with an upturn in productivity, the Fed couldn’t have asked for much more to help it achieve a soft landing.
Bolding is mine, BMO highlighting the two factors the Fed doesn’t have any influence over that nevertheless have contributed to the expected soft landing. Falling inflation and a cushioned landing for the economy. What can hold stocks back in that sort of an environment?
Source link
About the Author: Editorial team of BIPNs
Main team of content of bipns.com. Any type of content should be approved by us.
