The latest inflation reading is set to disappoint investors looking for evidence that the Federal Reserve will start cutting interest rates as early as March. Inflation on the Rise Despite the recent plummet in gasoline prices, Thursday’s Consumer Price Index report is expected to show headline inflation rose 3.2% year over year in December, according to economists surveyed by … [Read more...] about The Latest Inflation Reading Disappoints Hopeful Investors
Interest Rates
Bond Yields Rise as Central Bank Officials Question Rate Cut Expectations
The yields on US Treasury bonds experienced a rise at the start of Tuesday's trading session. This was due to several central bank officials expressing concerns about the overly optimistic outlook for interest rate cuts in 2024. Key Details The yield on the 2-year Treasury bond increased by 7.5 basis points to 4.211%. It is important to note that bond yields move in the … [Read more...] about Bond Yields Rise as Central Bank Officials Question Rate Cut Expectations
London’s FTSE 100 Leading European Bourses in Decline
London's FTSE 100 has taken the lead in the decline of European bourses on Wednesday due to a surprise increase in UK inflation. Interest rate-sensitive stocks, including housebuilders, real estate, and utilities, are feeling the impact of this uptick. The Office for National Statistics in Britain reported that consumer prices rose by 4% in the year to December, surpassing … [Read more...] about London’s FTSE 100 Leading European Bourses in Decline
PulteGroup Reports 1.7% Increase in Third-Quarter Earnings
PulteGroup, the Atlanta-based homebuilder, saw a modest 1.7% rise in third-quarter earnings despite the impact of rising interest rates. The company reported a net income of $638.8 million, or $2.90 a share, surpassing the average Wall Street estimate of $2.83 a share. Strong Net New Orders and Revenue Growth PulteGroup experienced a significant increase in net new orders, with … [Read more...] about PulteGroup Reports 1.7% Increase in Third-Quarter Earnings
Rise in Long-Term Yields and Strength of U.S. Economy
Treasury Secretary Janet Yellen believes that the recent increase in long-term yields is a direct result of the unexpected strength of the U.S. economy. In an interview with Bloomberg Television, Yellen stated that the rise in yields reflects the resilience of the economy, highlighting the absence of a recession and the continuous strength in consumer spending and demand. She … [Read more...] about Rise in Long-Term Yields and Strength of U.S. Economy
