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3 minute read

Five Economists React to Core PCE Numbers: What Will The Fed Do Next?

By Piero Cingari
March 31, 1:26 PM
Core PCE inflation, the Federal Reserve's preferred gauge of inflation, rose by 4.6% year on year in February 2023, the lowest rate in 15 months and below market expectations of a rise 4.7%. Core PCE prices rose by 0.3% month over month, following a 0.5% surge in January and falling short of market expectations of 0.4%.

TLT

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2 minute read

University Of Michigan Revises Consumer Confidence Index Lower For March; Long-Term Inflation Expectations Remain High

By Piero Cingari
March 31, 10:41 AM
The University of Michigan Consumer Confidence Index was revised downward from an original estimate of 63.2 to 62 points in March on Friday — down by 5 points or 8.8% from February. One broad takeaway: Sentiment among U.S.

SPY

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2 minute read

Fed’s Preferred Inflation Measure Comes In Cooler Than Expected As Banking Crisis Complicates Powell’s Plan

By Wayne Duggan
March 31, 8:39 AM
The SPDR S&P 500 ETF Trust SPY (NYSE: SPY) traded higher by 0.3% on Friday morning after the Bureau of Economic Analysis reported a 5% increase in the personal consumption expenditures price index in the month of February, suggesting the Federal Reserve still has a long way to go in its

SPY

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4 minute read

Nasdaq Futures Struggle For Direction As Traders Eye Inflation Print, Assess Trump Indictment

By Shanthi Rexaline
March 31, 7:05 AM
The market mood appears to be cautiously optimistic, as signaled by the index futures, which pointed to a narrowly mixed start on Friday. Former President Donald Trump has been indicated by the Manhattan grand jury throwing in some uncertainty into the market.

BB

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5 minute read

‘Elon Musk Tried To Meet With F.T.C. Chair About Twitter, But Was Rebuffed; Mr. Musk Requested A Meeting With Lina Khan, The Chair Of The F.T.C., Which Has Been Investigating Twitter’s Privacy And Data Practices.’ – NYT

By Happy Mohamed
March 30, 3:40 PM
https://www.nytimes.com/2023/03/30/technology/elon-musk-ftc-chair.html#:~:text=Meet%20With%20F.T.C.-,Chair%20About%20Twitter%2C%20but%20Was%20Rebuffed,Twitter's%20privacy%20and%20data%20practices. Elon Musk tried

SPY

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1 minute read

4 Retail Stocks Downgraded, But 3 Are Best Positioned: Why UBS Has A Bearish View

By AJ Fabino
March 29, 12:01 PM
Analysts at UBS are bearish on several U.S. retail stocks. A predicted consumer spending slowdown will trickle down to the industry’s earnings for the remainder of the year, they said. Jay Sole downgraded five U.S. retail stocks and lowered 2023 calendar year estimates by 10%. The five stocks downgraded from a Neutral rating to Sell:

BBWI