consumerspending
While the consumer price index gets much of the media attention when it comes to inflation, the Federal Reserve pays particularly close attention to the PCE when setting policy. In fact, the Fed sees the PCE as its primary barometer when it comes to measuring inflation. Q2 2022 hedge fund letters, conferences and more Digging Into The Inflation ReadingsOn a month-over-month basis, the PCE rose 1%, tying its largest monthly gain recorded in February 1981. The index measures changes in the prices consumers paid for goods and services. Core PCE, which excludes highly volatile food and energy pric...
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Following is the unofficial transcript of a CNBC interview with Bank of America Chairman & CEO Brian Moynihan on CNBC’s “Squawk on the Street” (M-F, 9AM-11AM ET) today, Wednesday, February 16. Following is a link to video on CNBC.com: Q4 2021 hedge fund letters, conferences and more Bank Of America CEO Says Consumer Spending Is Strong Despite InflationJIM CRAMER: This morning’s better than expected retail sales data putting the consumer spending, inflation and the Fed in focus. I don't know if anyone knows this stuff more than the man we're about to speak to, Carl. It's Bank of America Corp (N...
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Retail Sales increased by 3.8% in January, well above the 2.1% Dow Jones estimate and depicting a consumer spending comeback. According to the Commerce Department on Wednesday, the numbers are not adjusted for inflation. Q4 2021 hedge fund letters, conferences and more Retail Sales SurgeAs reported by CNBC, the rising inflation did little to dent consumer spending in January as retail sales soared by 3.8%, beating expectations for the month. Furniture and online shopping were the main drivers behind the surge, while gasoline and sporting goods went the opposite direction. “The numbers are not ...
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In hisDaily Market Notes report to investors, while commenting on the Santa Claus rally, Louis Navellier wrote: Q3 2021 hedge fund letters, conferences and more Santa Claus Rally on TrackThe Santa Claus rally looks back on track. Despite the high inflation numbers and the Fed's moves to address them, the slowdown in consumer spending in November, and expectations that Covid numbers will spike in January due to how transmittable the new Omicron variant is, the market has absorbed these concerns and is motoring higher. The linchpin is that Omicron is now expected to result in much fewer hospital...
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In hisDaily Market Notes report to investors, while commenting on the deficit ceiling, Louis Navellier wrote: Q3 2021 hedge fund letters, conferences and more We survey our investors each week, and this week’s topic was whether or not now is a good time to invest in stocks. Despite market gyrations, retail investors remain bullish. Refreshing PoiseIt looks like we just went through the pause that refreshed and these oscillations are about to end. And one of the reasons is, is a lot of the things that were overhanging the market of have dissipated. Obviously, the deficit ceiling is no longer a ...
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In hisDaily Market Notes report to investors, while commenting on the supply chain backups, Louis Navellier wrote: [soros] Q2 2021 hedge fund letters, conferences and more The 10-year Treasury bond yield declined a bit during the Afghanistan crisis, so all eyes are now on the Fed to see how new realities will impact monetary policy. Frankly, I don’t think the Fed will curtail quantitative easing (QE) until 2022. Infighting at FOMCThe Fed released its last FOMC minutes on Wednesday. Those notes revealed a disagreement within the FOMC. Those notes revealed a disagreement within the FOMC about wh...
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