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Powell hints at rate cuts this year: What do you think?
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Jessica Amir joined discussion · Mar 11 01:52

Macro watch; US inflation to ease, retail sales to rise, China to cut rates, EIA crude inventory report ahead

Macro watch; US inflation to ease, retail sales to rise, China to cut rates, and EIA crude inventory report on watch
In the US, this week economic focus may underscore that the Fed can keep rates as they are for now. The US CPI report for February (due March 12) which could also validate the run up in equities if core CPI falls to 0.3% (vs 0.4% prior) as expected driven by cooling used-car prices. Inversely a hotter read could trigger a hair cut in broad equities. Eyes will also be on US February retail sales (released March 14) that likely rebounded after adverse weather weighed on January's headline figures. Retail sales are expected to rise 0.8% on the month(vs. -0.8% prior) as auto sales rebounded sharply and gasoline prices climbed.
Macro watch; US inflation to ease, retail sales to rise, China to cut rates, EIA crude inventory report ahead
In China, focus will be on much needed stimulus after China affirmed its 5% growth target for 2024, and China's Governor Pan Gongsheng previously mentioned he was determined to fight deflation. The People's Bank of China is expected to drop its one-year medium-term lending facility rate by 10 bps to 2.40% at its March 15 meet, which could market its first cut since August. Watch commodity prices and commodity stocks, which should see an increase in buying if the PBOC cuts and at the same time, that will likely benefit mega caps $BHP Group Ltd (BHP.AU)$ $Rio Tinto Ltd (RIO.AU)$ $Fortescue Ltd (FMG.AU)$ and the $S&P/ASX 200 (.XJO.AU)$ broadly.
Macro watch; US inflation to ease, retail sales to rise, China to cut rates, EIA crude inventory report ahead
As for oil traders and investors, keep your eyes on the EIA Crude Oil Inventory Report, released March 13 (US time). US crude stockpiles are riding above their 10-year average, which bodes well for prices in the northern hemisphere summer driving season.
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  • 頭等散戶 : The United States wants to ease debt pressure, and he is most eager for the rise to remain high. But on the other hand, to maintain the dominance of the US dollar, the US cannot be influenced by the rise in confidence to use the US dollar in the market.

    Bullish 2.0 will come again under both sides, but then push him down again, using this operation to maintain the advantage of both sides.

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  • Peterson111 : Have crude oil prices affected the mining industry? Inflation is leaving me with less money, I'm going to be poor!

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  • Wealthy Leio : [undefined][undefined][undefined]

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Jessica Amir
Moomoo Official Market Strategist
moomoo, market strategist. Seen/heard on Fox News Business, ABC, SBS, Reuters wires. Investor/Trader. Connect with me.
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