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13.11.26 - 17:36
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Stocks Fall as Chip Rout Outweighs Inflation Data (Bloomberg)
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Another selloff in chipmakers weighed on stocks, overshadowing inflation data that eased concern about aggressive Federal Reserve rate hikes.
Ted Parkhill, Founder & CEO at Incline Investment Management, gives his market outlook amid fresh PPI data and AI related-volatility. (Source: Bloomberg)...
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13.11.26 - 17:31
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Fed′s Collins Talks Inflation Risks, Rate Policy and AI (Bloomberg)
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Federal Reserve Bank of Boston President Susan Collins, discusses inflation risks, monetary policy and broader economic conditions during an interview with Michael McKee on "Bloomberg Open Interest." Collins says inflation remains too high and is showing signs of broadening beyond energy, with resilient demand and healthy growth supporting the case for additional policy tightening “soon." Collins also comments on the challenges facing the housing market and the economic impact of AI. (Source: Bloomberg)...
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13.11.26 - 16:33
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Rate-Hike Odds Steady As Food & AI Lift Producer Price Inflation To 4 Year High (ZeroHedge)
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Rate-Hike Odds Steady As Food & AI Lift Producer Price Inflation To 4 Year High
After the hotter-than-expected CPI earlier in the week, wholesale inflation was expected to accelerate at a slower pace in October (relative to the +1.3% MoM surge in September).Headline Producer Prices printed just slightly cooler than expected (+0.3% MoM vs +0.4% MoM exp), lifting PPI up 6.5% YoY (from 6.3% YoY in September). That is the highest YoY print since Nov 2022On a MoM basis Energy actually deflated (but is accelerating YoY)...With Fuel inflation absolutely dominant......but arguably that is 'peaking' this month, given the rapid decline in crude prices in the last month...Food prices are soaring though...Core PPI (Ex-Food and Energy) rose 0.3% MoM as expected and up 5.0% YoY...Goods prices rose at a faster pace than Services costs but both rose in October (for the 3rd straight month)...And AI is also having a sizable effect with the recent rapid surge in memory prices has stabilized (but is not dro...
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13.11.26 - 15:15
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Wholesale inflation declined last month yet remains stubbornly elevated (The Hill)
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WASHINGTON (AP) — Wholesale inflation cooled a bit last month yet remains elevated, evidence of stubbornly higher prices that have soured Americans on the economy and fueled big gains for Democrats in the midterm elections last week. The Labor Department's producer price index — which captures inflation before it reaches consumers — rose 0.3% from......
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13.11.26 - 14:54
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US Wholesale Inflation Climbs to Fastest Pace Since 2022 (Bloomberg)
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US wholesale inflation remained elevated in October, as the producer price index rose 6.5% from a year earlier. The PPI advanced 0.3% from a month earlier, according to Bureau of Labor Statistics data out Friday. Michael McKee reports on Bloomberg Television. (Source: Bloomberg)...
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