All eyes on CPI
Wall Street Breakfast
Seeking Alpha
4.1 • 1K Ratings
🗓️ 11 February 2024
⏱️ 7 minutes
🧾️ Download transcript
Summary
Show Notes
IPO activity in U.S. expected to continue to improve in 2024, Goldman says
Episode transcripts seekingalpha.com/wsb
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Transcript
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| 0:00.0 | Welcome to Seeking Alpha's Wall Street brunch, our Sunday look ahead to this week's market moving events, |
| 0:11.1 | along with the weekend's top news and analysis. |
| 0:14.0 | Hello today is Super Sunday February 11th and I'm your host Kim Khan. |
| 0:18.0 | The top story to look out for this week. |
| 0:20.0 | Following a week that was light on hard data and heavy on fed chatter, there will be plenty of numbers for traders to digest in the coming days. |
| 0:28.0 | Thursday alone has January retail sales, manufacturing measures from the New York and Philly Fed, industrial production |
| 0:35.1 | and capacity utilization, along with the regular weekly jobless claims figures. |
| 0:39.8 | Friday brings January housing starts of building permits, the University of Michigan's preliminary |
| 0:44.2 | sentiment for February, and the January PPI, but the Henlinder is Tuesday's Consumer Price Index. |
| 0:50.9 | Economists expect that the CPI rose 0 excludes food and energy, is forecast to 0.3 percent. |
| 0:57.0 | The core CPI, which excludes food and energy, is forecast to rise 0.3 percent with the annual |
| 1:02.4 | rate ticking down to 3.8%. |
| 1:05.3 | As last week's Fed speakers echoed Chairman Jay Powell's caution on cutting in the first |
| 1:09.0 | quarter, the market is now pricing in just a 16% chance of a March rate reduction, but odds top 60% for a cut in May. |
| 1:17.0 | The J.P. Morgan rates team notes that Core C.P.I should step down from a strong 3.3% three-month seasonly adjusted pace |
| 1:25.0 | through December toward a 2.7% pace in coming months, supported by a drop in |
| 1:30.1 | use vehicle prices as well as further gradual softening in rent inflation |
| 1:34.2 | while core PCE runs a bit above 2%. The team flagged the potential for |
| 1:38.9 | regional bank concerns pulling forward fed easing activity. For trades they like twos five |
| 1:43.8 | flatteners and five's 30 steepeners. Meanwhile B of A notes that when it comes to |
| 1:49.0 | inflation nothing keeps pace with a Super Bowl. In his weekly flow show note, |
| 1:53.7 | strategist Michael Hartnett says the price of a 30 second ad |
... |
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