Sign up to create alerts for Instruments,
Economic Events and content by followed authors
Free Sign Up Already have an account? Sign In
مصطفى الدليمي
Dec 08, 2022 8:39PM ET
11129900
1
0
Quotes
All Instrument Types
- All Instrument Types
- Indices
- Equities
- ETFs
- Funds
- Commodities
- Currencies
- Crypto
- Bonds
- Certificates
Please try another search
New Year’s SALE: Up to 40% OFF InvestingPro+ CLAIM OFFER
Producer prices, core prices, Michigan consumer sentiment: 3 things to watch
© Reuters.
By Liz Moyer
Investing.com -- Stocks rebounded after days of losses as investors tried to shrug off concerns about a recession.
The concerns are being fueled by actions by the Federal Reserve to tame inflation, namely consecutive interest rate increases that some fear could ultimately tip the economy into a recession. The Fed next meets on Tuesday and will release its decision on rates on Wednesday. The expectation is that it will raise its benchmark by a half-percentage point, which is lower than its previous four rate hikes.
Still, strong job numbers and rising wages are a sign inflationary pressures linger, and could make the Fed keep rates higher for longer. That has weighed on growth stocks in recent days.
This month will still feature data on producer prices and consumer sentiment, both due out on Friday, as well as inflation readings. Investors will be listening to what Fed Chair Jerome Powell says at next week's press conference for hints on where the Fed is headed next.
Here are three things that could affect markets tomorrow:
1. Producer prices
The producer price index is due out at 8:30 ET (13:30 GMT), and analysts expect it to inch up 0.2% in November from the prior month.
2. Core PPI
The core PPI number, due out at the same time, is also expected to rise 0.2% from the prior month.
3. Michigan sentiment
The University of Michigan's consumer sentiment reading for December is due out at 10:00 ET. Analysts are expecting a reading of 56.9.
Related Articles
Comments (2)
مصطفى الدليمي
Dec 08, 2022 8:39PM ET
mustafanamed
1
0
DS5657348
Dec 08, 2022 7:31PM ET
Is anyone here connected to manufacturing? Old Joe is *******it.
1
3
Add Chart to Comment
Confirm Block
Are you sure you want to block %USER_NAME%?
By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.
%USER_NAME% was successfully added to your Block List
Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.
Report this comment
I feel that this comment is:
Comment flagged
Thank You!
Your report has been sent to our moderators for review
Add a Comment
We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:
Enrich the conversation, don’t trash it.
Stay focused and on track. Only post material that’s relevant to the topic being discussed.
Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.