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Producer Inflation Comes in Hot. The Fed Will Still Cut.
The Bonds market has fallen into a "guessing game": what is the Federal Reserve's interest rate anchor?
Due to the diversity in estimating the neutral interest rate, the market has a wide range of opinions regarding the outlook of the Federal Reserve's monetary policy, and the bond market often experiences sharp fluctuations after each release of economic data. When this month's non-farm payroll report was released, the volatility of the two-year US Treasury yield was on average six times larger than before 2022.
4 ETF Areas Hit One-Year High Amid In-Line November Inflation
US Morning News Call | Adobe Predicts Lower Revenue for FY25 Amid Slowing Subscription Sales
U.S. Stock Outlook | All three Equity Indices are declining, as the market focuses on PPI data.
On December 12th (Thursday) in Pre-Market Trading, the three major US Equity Index futures fell altogether.
The Nasdaq has risen above 0.02 million points, and the Analyst "pours cold water": it's just "eating the food of the future."
Historically, the U.S. stock market usually performs well in December, especially in the second half of the month, but this year investors seem to be overly enthusiastic, with analysts suggesting that the current gains are overextending future potential.
