🚀 Analyst Predicts Lower Likelihood Of Higher-Than-Expected December CPI
#Analyst #CPI #PPI #BrentDonnelly #SpectraMarkets #ConsumerPrices #DecemberData #WallStreet #EconomicForecast
According to BlockBeats, on January 14, Brent Donnelly, an analyst at Spectra Markets, discussed the implications of a weak Producer Price Index (PPI) on the Consumer Price Index (CPI). While a weak PPI does not always lead to a weak CPI, it often does.
Recently, it has been unusual for the U.S. Department of Labor to release PPI data before CPI data in a given month, although this was common before 2018. Reviewing the past decade, when both overall PPI and core PPI were below expectations, as seen in the recent December data, the CPI exceeded expectations only 21% of the time.
Donnelly noted that in such scenarios, the CPI met expectations 39% of the time and fell below expectations another 39% of the time. This suggests a lower likelihood that the December CPI data, set to be released this Wednesday, will surpass Wall Street's expectations. Economists had previously forecasted a 0.3% increase in consumer prices.#Analyst #CPI #PPI #BrentDonnelly #SpectraMarkets #ConsumerPrices #DecemberData #WallStreet #EconomicForecast
🚀 Trump Praises December Inflation Data, Suggests Fed Rate Cut
#Trump #inflation #FederalReserve #JeromePowell #ratecut #Decemberdata
According to ChainCatcher, U.S. President Donald Trump has praised the December inflation data, suggesting that Federal Reserve Chairman Jerome Powell should consider a rate cut.#Trump #inflation #FederalReserve #JeromePowell #ratecut #Decemberdata
🚀 U.S. Durable Goods Orders Exceed Expectations in December
#USDurableGoods #EconomicResilience #ManufacturingSector #BusinessInvestment #DecemberData #Jin10
The U.S. durable goods orders excluding aircraft and non-defense capital goods rose by 0.6% in December, surpassing the anticipated 0.4%. According to Jin10, the previous value was revised from 0.40% to 0.8%. This data indicates a stronger-than-expected performance in the manufacturing sector, reflecting increased business investment and economic resilience.#USDurableGoods #EconomicResilience #ManufacturingSector #BusinessInvestment #DecemberData #Jin10