Daily Brief: CPI Runs Hot at 3.7% as Gasoline Soars and Core Reaccelerates
September CPI ran hot at 3.7% as gasoline jumped 9.1% and core inflation reaccelerated to 2.6%, squeezing real wages and spooking markets.
Daily Brief: CPI Week Arrives — September Inflation Report Headlines a Data Deluge
Markets are closed for Columbus Day, but Tuesday brings the September CPI report. Consensus at 3.7% YoY. Here's everything coming this week.
Daily Brief: Consumer Sentiment Tumbles to 46.3 as October Gloom Sets In
Michigan consumer sentiment fell to 46.3 in October as current conditions cratered 12.2%. FOMC minutes revealed broad support for more rate hikes ahead.
Daily Brief: FOMC Minutes to Reveal Debate Behind September’s Unanimous Rate Hike
Fed minutes from the September rate hike drop today at 2 PM ET, expected to show a broader internal debate than the unanimous vote suggested. Since...
Daily Brief: Consumer Confidence Plunges 6.7 Points — Biggest Drop in Over a Year
Consumer confidence crashed to 81.9 in September, a 6.7-point miss vs. consensus. Rate hikes, Iran Strait tensions, and a softening labor market all...
Daily Brief: Nasdaq Hits a Record as Markets Shrug Off the Fed’s First Hike in Three Years
Six days after the Fed's first rate hike since 2023, the Nasdaq closed at a record high. AI stocks carry the load — but the rally's foundation is narrow.
Daily Brief: Markets Shake Off Fed Hike as Oil Retreats; Data-Heavy Week Awaits
Markets opened higher Monday as oil's four-day slide eased post-Fed inflation fears. Flash PMIs, jobless claims, durable goods, and consumer sentiment...
Daily Brief: Factory Output Snaps Seven-Month Streak as Fed’s First Hike Since 2023 Lands
Industrial production flatlined at 0.0% in August, missing the 0.3% consensus, as manufacturing snapped a seven-month winning streak — two days after...
Daily Brief: Consumers Shrug Off Rate Fears — Retail Sales Surge 1.2% as Fed Prepares First Hike Since 2023
Retail sales surged 1.2% in August — the biggest jump in five months — just hours before the Fed is expected to deliver its first rate hike since 2023.
Daily Brief: New York Factories Hit the Brakes — But Prices Are Still Running Hot as the Fed Convenes
The Empire State Manufacturing Index cratered 13 points to 7.6 as the FOMC opened its two-day meeting with an 88% chance of a rate hike. Manufacturing...