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Abstract:Stocks started the week waiting with bated (baited?) breath for the inflation reports of the week.
It isnt surprising that the market is focused firmly on the rearview mirror for clues about the future since Jerome Powell has made it plain that is his plan.
The dollar is mostly a little firmer with sterling, Canadian dollar, and Norwegian krone about 0.25-0.30% lower.
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The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
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October inflation rises to 2.3%, driven by energy costs. Renters face 8% annual hikes, while house price inflation climbs. Interest rates stay elevated.