Month: April 2023

In that FOMC meeting, policymakers voted to increase the benchmark borrowing rate by 0.25 percentage points, the ninth increase over the past year, bringing the official Fed funds rate to a target range of 4.75%-5%, its highest level since late 2007.

In that FOMC meeting, policymakers voted to increase the benchmark borrowing rate by 0.25 percentage points, the ninth increase over the past year, bringing the official Fed funds rate to a target range of 4.75%-5%, its highest level since late 2007.

According to Federal Reserve minutes, the fallout from the U.S. banking crisis is likely to tilt the local economy into a mild recession later this year, with a recovery over the subsequent two years.

In that FOMC meeting, policymakers voted to increase the benchmark borrowing rate by 0.25 percentage points, the ninth increase over the past year, bringing the official Fed funds rate to a target range of 4.75%-5%, its highest level since late 2007.

According to Federal Reserve minutes, the fallout from the U.S. banking crisis is likely to tilt the local economy into a mild recession later this year, with a recovery over the subsequent two years.

In that FOMC meeting, policymakers voted to increase the benchmark borrowing rate by 0.25 percentage points, the ninth increase over the past year, bringing the official Fed funds rate to a target range of 4.75%-5%, its highest level since late 2007.

Adding to the above, indices turned negative at the end of the day after the release of the Minutes from the March meeting of the FOMC, which came a few days after the collapse of two regional banks of SVB and Signature.

According to Federal Reserve minutes, the fallout from the U.S. banking crisis is likely to tilt the local economy into a mild recession later this year, with a recovery over the subsequent two years.

In that FOMC meeting, policymakers voted to increase the benchmark borrowing rate by 0.25 percentage points, the ninth increase over the past year, bringing the official Fed funds rate to a target range of 4.75%-5%, its highest level since late 2007.

Adding to the above, indices turned negative at the end of the day after the release of the Minutes from the March meeting of the FOMC, which came a few days after the collapse of two regional banks of SVB and Signature.

According to Federal Reserve minutes, the fallout from the U.S. banking crisis is likely to tilt the local economy into a mild recession later this year, with a recovery over the subsequent two years.

In that FOMC meeting, policymakers voted to increase the benchmark borrowing rate by 0.25 percentage points, the ninth increase over the past year, bringing the official Fed funds rate to a target range of 4.75%-5%, its highest level since late 2007.

The banking crisis in early March had caused some speculation that the Fed might hold the line on rates, but officials stressed that more needed to be done to tame inflation.

Adding to the above, indices turned negative at the end of the day after the release of the Minutes from the March meeting of the FOMC, which came a few days after the collapse of two regional banks of SVB and Signature.

According to Federal Reserve minutes, the fallout from the U.S. banking crisis is likely to tilt the local economy into a mild recession later this year, with a recovery over the subsequent two years.

In that FOMC meeting, policymakers voted to increase the benchmark borrowing rate by 0.25 percentage points, the ninth increase over the past year, bringing the official Fed funds rate to a target range of 4.75%-5%, its highest level since late 2007.

The banking crisis in early March had caused some speculation that the Fed might hold the line on rates, but officials stressed that more needed to be done to tame inflation.

Adding to the above, indices turned negative at the end of the day after the release of the Minutes from the March meeting of the FOMC, which came a few days after the collapse of two regional banks of SVB and Signature.

According to Federal Reserve minutes, the fallout from the U.S. banking crisis is likely to tilt the local economy into a mild recession later this year, with a recovery over the subsequent two years.

In that FOMC meeting, policymakers voted to increase the benchmark borrowing rate by 0.25 percentage points, the ninth increase over the past year, bringing the official Fed funds rate to a target range of 4.75%-5%, its highest level since late 2007.

The resilient Core inflation is a negative catalyst for the economy, with investors expecting now that it will force Federal Reserve to hike by another 25 bps in the coming FOMC monetary policy meeting on May 02-03 in her fight against elevating prices.

The banking crisis in early March had caused some speculation that the Fed might hold the line on rates, but officials stressed that more needed to be done to tame inflation.

Adding to the above, indices turned negative at the end of the day after the release of the Minutes from the March meeting of the FOMC, which came a few days after the collapse of two regional banks of SVB and Signature.

According to Federal Reserve minutes, the fallout from the U.S. banking crisis is likely to tilt the local economy into a mild recession later this year, with a recovery over the subsequent two years.

In that FOMC meeting, policymakers voted to increase the benchmark borrowing rate by 0.25 percentage points, the ninth increase over the past year, bringing the official Fed funds rate to a target range of 4.75%-5%, its highest level since late 2007.

The resilient Core inflation is a negative catalyst for the economy, with investors expecting now that it will force Federal Reserve to hike by another 25 bps in the coming FOMC monetary policy meeting on May 02-03 in her fight against elevating prices.

The banking crisis in early March had caused some speculation that the Fed might hold the line on rates, but officials stressed that more needed to be done to tame inflation.

Adding to the above, indices turned negative at the end of the day after the release of the Minutes from the March meeting of the FOMC, which came a few days after the collapse of two regional banks of SVB and Signature.

According to Federal Reserve minutes, the fallout from the U.S. banking crisis is likely to tilt the local economy into a mild recession later this year, with a recovery over the subsequent two years.

In that FOMC meeting, policymakers voted to increase the benchmark borrowing rate by 0.25 percentage points, the ninth increase over the past year, bringing the official Fed funds rate to a target range of 4.75%-5%, its highest level since late 2007.

Yet, the Core CPI, which excludes the volatile energy and food rose 0.4% for March and 5.6% from a year ago, slightly above where it was in February at 5.5%, due to rising shelter costs. Economists had projected that the reading would fall to 5.2%.

The resilient Core inflation is a negative catalyst for the economy, with investors expecting now that it will force Federal Reserve to hike by another 25 bps in the coming FOMC monetary policy meeting on May 02-03 in her fight against elevating prices.

The banking crisis in early March had caused some speculation that the Fed might hold the line on rates, but officials stressed that more needed to be done to tame inflation.

Adding to the above, indices turned negative at the end of the day after the release of the Minutes from the March meeting of the FOMC, which came a few days after the collapse of two regional banks of SVB and Signature.

According to Federal Reserve minutes, the fallout from the U.S. banking crisis is likely to tilt the local economy into a mild recession later this year, with a recovery over the subsequent two years.

In that FOMC meeting, policymakers voted to increase the benchmark borrowing rate by 0.25 percentage points, the ninth increase over the past year, bringing the official Fed funds rate to a target range of 4.75%-5%, its highest level since late 2007.

Yet, the Core CPI, which excludes the volatile energy and food rose 0.4% for March and 5.6% from a year ago, slightly above where it was in February at 5.5%, due to rising shelter costs. Economists had projected that the reading would fall to 5.2%.

The resilient Core inflation is a negative catalyst for the economy, with investors expecting now that it will force Federal Reserve to hike by another 25 bps in the coming FOMC monetary policy meeting on May 02-03 in her fight against elevating prices.

The banking crisis in early March had caused some speculation that the Fed might hold the line on rates, but officials stressed that more needed to be done to tame inflation.

Adding to the above, indices turned negative at the end of the day after the release of the Minutes from the March meeting of the FOMC, which came a few days after the collapse of two regional banks of SVB and Signature.

According to Federal Reserve minutes, the fallout from the U.S. banking crisis is likely to tilt the local economy into a mild recession later this year, with a recovery over the subsequent two years.

In that FOMC meeting, policymakers voted to increase the benchmark borrowing rate by 0.25 percentage points, the ninth increase over the past year, bringing the official Fed funds rate to a target range of 4.75%-5%, its highest level since late 2007.

At first, stocks started the trading session with strong gains following the release of March’s U.S. CPI-consumer price index report, which showed headline pressures slowed in March to a 5% annual pace, down 1% from February (6%), due to falling energy and food prices.

Yet, the Core CPI, which excludes the volatile energy and food rose 0.4% for March and 5.6% from a year ago, slightly above where it was in February at 5.5%, due to rising shelter costs. Economists had projected that the reading would fall to 5.2%.

The resilient Core inflation is a negative catalyst for the economy, with investors expecting now that it will force Federal Reserve to hike by another 25 bps in the coming FOMC monetary policy meeting on May 02-03 in her fight against elevating prices.

The banking crisis in early March had caused some speculation that the Fed might hold the line on rates, but officials stressed that more needed to be done to tame inflation.

Adding to the above, indices turned negative at the end of the day after the release of the Minutes from the March meeting of the FOMC, which came a few days after the collapse of two regional banks of SVB and Signature.

According to Federal Reserve minutes, the fallout from the U.S. banking crisis is likely to tilt the local economy into a mild recession later this year, with a recovery over the subsequent two years.

In that FOMC meeting, policymakers voted to increase the benchmark borrowing rate by 0.25 percentage points, the ninth increase over the past year, bringing the official Fed funds rate to a target range of 4.75%-5%, its highest level since late 2007.

At first, stocks started the trading session with strong gains following the release of March’s U.S. CPI-consumer price index report, which showed headline pressures slowed in March to a 5% annual pace, down 1% from February (6%), due to falling energy and food prices.

Yet, the Core CPI, which excludes the volatile energy and food rose 0.4% for March and 5.6% from a year ago, slightly above where it was in February at 5.5%, due to rising shelter costs. Economists had projected that the reading would fall to 5.2%.

The resilient Core inflation is a negative catalyst for the economy, with investors expecting now that it will force Federal Reserve to hike by another 25 bps in the coming FOMC monetary policy meeting on May 02-03 in her fight against elevating prices.

The banking crisis in early March had caused some speculation that the Fed might hold the line on rates, but officials stressed that more needed to be done to tame inflation.

Adding to the above, indices turned negative at the end of the day after the release of the Minutes from the March meeting of the FOMC, which came a few days after the collapse of two regional banks of SVB and Signature.

According to Federal Reserve minutes, the fallout from the U.S. banking crisis is likely to tilt the local economy into a mild recession later this year, with a recovery over the subsequent two years.

In that FOMC meeting, policymakers voted to increase the benchmark borrowing rate by 0.25 percentage points, the ninth increase over the past year, bringing the official Fed funds rate to a target range of 4.75%-5%, its highest level since late 2007.

Nasdaq Composite, 2-hour chart

At first, stocks started the trading session with strong gains following the release of March’s U.S. CPI-consumer price index report, which showed headline pressures slowed in March to a 5% annual pace, down 1% from February (6%), due to falling energy and food prices.

Yet, the Core CPI, which excludes the volatile energy and food rose 0.4% for March and 5.6% from a year ago, slightly above where it was in February at 5.5%, due to rising shelter costs. Economists had projected that the reading would fall to 5.2%.

The resilient Core inflation is a negative catalyst for the economy, with investors expecting now that it will force Federal Reserve to hike by another 25 bps in the coming FOMC monetary policy meeting on May 02-03 in her fight against elevating prices.

The banking crisis in early March had caused some speculation that the Fed might hold the line on rates, but officials stressed that more needed to be done to tame inflation.

Adding to the above, indices turned negative at the end of the day after the release of the Minutes from the March meeting of the FOMC, which came a few days after the collapse of two regional banks of SVB and Signature.

According to Federal Reserve minutes, the fallout from the U.S. banking crisis is likely to tilt the local economy into a mild recession later this year, with a recovery over the subsequent two years.

In that FOMC meeting, policymakers voted to increase the benchmark borrowing rate by 0.25 percentage points, the ninth increase over the past year, bringing the official Fed funds rate to a target range of 4.75%-5%, its highest level since late 2007.

Nasdaq Composite, 2-hour chart

At first, stocks started the trading session with strong gains following the release of March’s U.S. CPI-consumer price index report, which showed headline pressures slowed in March to a 5% annual pace, down 1% from February (6%), due to falling energy and food prices.

Yet, the Core CPI, which excludes the volatile energy and food rose 0.4% for March and 5.6% from a year ago, slightly above where it was in February at 5.5%, due to rising shelter costs. Economists had projected that the reading would fall to 5.2%.

The resilient Core inflation is a negative catalyst for the economy, with investors expecting now that it will force Federal Reserve to hike by another 25 bps in the coming FOMC monetary policy meeting on May 02-03 in her fight against elevating prices.

The banking crisis in early March had caused some speculation that the Fed might hold the line on rates, but officials stressed that more needed to be done to tame inflation.

Adding to the above, indices turned negative at the end of the day after the release of the Minutes from the March meeting of the FOMC, which came a few days after the collapse of two regional banks of SVB and Signature.

According to Federal Reserve minutes, the fallout from the U.S. banking crisis is likely to tilt the local economy into a mild recession later this year, with a recovery over the subsequent two years.

In that FOMC meeting, policymakers voted to increase the benchmark borrowing rate by 0.25 percentage points, the ninth increase over the past year, bringing the official Fed funds rate to a target range of 4.75%-5%, its highest level since late 2007.

Nasdaq Composite, 2-hour chart

At first, stocks started the trading session with strong gains following the release of March’s U.S. CPI-consumer price index report, which showed headline pressures slowed in March to a 5% annual pace, down 1% from February (6%), due to falling energy and food prices.

Yet, the Core CPI, which excludes the volatile energy and food rose 0.4% for March and 5.6% from a year ago, slightly above where it was in February at 5.5%, due to rising shelter costs. Economists had projected that the reading would fall to 5.2%.

The resilient Core inflation is a negative catalyst for the economy, with investors expecting now that it will force Federal Reserve to hike by another 25 bps in the coming FOMC monetary policy meeting on May 02-03 in her fight against elevating prices.

The banking crisis in early March had caused some speculation that the Fed might hold the line on rates, but officials stressed that more needed to be done to tame inflation.

Adding to the above, indices turned negative at the end of the day after the release of the Minutes from the March meeting of the FOMC, which came a few days after the collapse of two regional banks of SVB and Signature.

According to Federal Reserve minutes, the fallout from the U.S. banking crisis is likely to tilt the local economy into a mild recession later this year, with a recovery over the subsequent two years.

In that FOMC meeting, policymakers voted to increase the benchmark borrowing rate by 0.25 percentage points, the ninth increase over the past year, bringing the official Fed funds rate to a target range of 4.75%-5%, its highest level since late 2007.

Growth-sensitive and tech-heavy Nasdaq Composite led losses across the board settling down by 0.85%, the S&P 500 closed 0.41% lower, while the Dow Jones snapped a four-day winning streak, ending the day slightly lower by 0.11%.

Nasdaq Composite, 2-hour chart

At first, stocks started the trading session with strong gains following the release of March’s U.S. CPI-consumer price index report, which showed headline pressures slowed in March to a 5% annual pace, down 1% from February (6%), due to falling energy and food prices.

Yet, the Core CPI, which excludes the volatile energy and food rose 0.4% for March and 5.6% from a year ago, slightly above where it was in February at 5.5%, due to rising shelter costs. Economists had projected that the reading would fall to 5.2%.

The resilient Core inflation is a negative catalyst for the economy, with investors expecting now that it will force Federal Reserve to hike by another 25 bps in the coming FOMC monetary policy meeting on May 02-03 in her fight against elevating prices.

The banking crisis in early March had caused some speculation that the Fed might hold the line on rates, but officials stressed that more needed to be done to tame inflation.

Adding to the above, indices turned negative at the end of the day after the release of the Minutes from the March meeting of the FOMC, which came a few days after the collapse of two regional banks of SVB and Signature.

According to Federal Reserve minutes, the fallout from the U.S. banking crisis is likely to tilt the local economy into a mild recession later this year, with a recovery over the subsequent two years.

In that FOMC meeting, policymakers voted to increase the benchmark borrowing rate by 0.25 percentage points, the ninth increase over the past year, bringing the official Fed funds rate to a target range of 4.75%-5%, its highest level since late 2007.

Growth-sensitive and tech-heavy Nasdaq Composite led losses across the board settling down by 0.85%, the S&P 500 closed 0.41% lower, while the Dow Jones snapped a four-day winning streak, ending the day slightly lower by 0.11%.

Nasdaq Composite, 2-hour chart

At first, stocks started the trading session with strong gains following the release of March’s U.S. CPI-consumer price index report, which showed headline pressures slowed in March to a 5% annual pace, down 1% from February (6%), due to falling energy and food prices.

Yet, the Core CPI, which excludes the volatile energy and food rose 0.4% for March and 5.6% from a year ago, slightly above where it was in February at 5.5%, due to rising shelter costs. Economists had projected that the reading would fall to 5.2%.

The resilient Core inflation is a negative catalyst for the economy, with investors expecting now that it will force Federal Reserve to hike by another 25 bps in the coming FOMC monetary policy meeting on May 02-03 in her fight against elevating prices.

The banking crisis in early March had caused some speculation that the Fed might hold the line on rates, but officials stressed that more needed to be done to tame inflation.

Adding to the above, indices turned negative at the end of the day after the release of the Minutes from the March meeting of the FOMC, which came a few days after the collapse of two regional banks of SVB and Signature.

According to Federal Reserve minutes, the fallout from the U.S. banking crisis is likely to tilt the local economy into a mild recession later this year, with a recovery over the subsequent two years.

In that FOMC meeting, policymakers voted to increase the benchmark borrowing rate by 0.25 percentage points, the ninth increase over the past year, bringing the official Fed funds rate to a target range of 4.75%-5%, its highest level since late 2007.

Market reaction:

Growth-sensitive and tech-heavy Nasdaq Composite led losses across the board settling down by 0.85%, the S&P 500 closed 0.41% lower, while the Dow Jones snapped a four-day winning streak, ending the day slightly lower by 0.11%.

Nasdaq Composite, 2-hour chart

At first, stocks started the trading session with strong gains following the release of March’s U.S. CPI-consumer price index report, which showed headline pressures slowed in March to a 5% annual pace, down 1% from February (6%), due to falling energy and food prices.

Yet, the Core CPI, which excludes the volatile energy and food rose 0.4% for March and 5.6% from a year ago, slightly above where it was in February at 5.5%, due to rising shelter costs. Economists had projected that the reading would fall to 5.2%.

The resilient Core inflation is a negative catalyst for the economy, with investors expecting now that it will force Federal Reserve to hike by another 25 bps in the coming FOMC monetary policy meeting on May 02-03 in her fight against elevating prices.

The banking crisis in early March had caused some speculation that the Fed might hold the line on rates, but officials stressed that more needed to be done to tame inflation.

Adding to the above, indices turned negative at the end of the day after the release of the Minutes from the March meeting of the FOMC, which came a few days after the collapse of two regional banks of SVB and Signature.

According to Federal Reserve minutes, the fallout from the U.S. banking crisis is likely to tilt the local economy into a mild recession later this year, with a recovery over the subsequent two years.

In that FOMC meeting, policymakers voted to increase the benchmark borrowing rate by 0.25 percentage points, the ninth increase over the past year, bringing the official Fed funds rate to a target range of 4.75%-5%, its highest level since late 2007.

Market reaction:

Growth-sensitive and tech-heavy Nasdaq Composite led losses across the board settling down by 0.85%, the S&P 500 closed 0.41% lower, while the Dow Jones snapped a four-day winning streak, ending the day slightly lower by 0.11%.

Nasdaq Composite, 2-hour chart

At first, stocks started the trading session with strong gains following the release of March’s U.S. CPI-consumer price index report, which showed headline pressures slowed in March to a 5% annual pace, down 1% from February (6%), due to falling energy and food prices.

Yet, the Core CPI, which excludes the volatile energy and food rose 0.4% for March and 5.6% from a year ago, slightly above where it was in February at 5.5%, due to rising shelter costs. Economists had projected that the reading would fall to 5.2%.

The resilient Core inflation is a negative catalyst for the economy, with investors expecting now that it will force Federal Reserve to hike by another 25 bps in the coming FOMC monetary policy meeting on May 02-03 in her fight against elevating prices.

The banking crisis in early March had caused some speculation that the Fed might hold the line on rates, but officials stressed that more needed to be done to tame inflation.

Adding to the above, indices turned negative at the end of the day after the release of the Minutes from the March meeting of the FOMC, which came a few days after the collapse of two regional banks of SVB and Signature.

According to Federal Reserve minutes, the fallout from the U.S. banking crisis is likely to tilt the local economy into a mild recession later this year, with a recovery over the subsequent two years.

In that FOMC meeting, policymakers voted to increase the benchmark borrowing rate by 0.25 percentage points, the ninth increase over the past year, bringing the official Fed funds rate to a target range of 4.75%-5%, its highest level since late 2007.

U.S. stock indices ended in negative territory on Wednesday, erasing early gains as recession worries prevailed over the optimism over the cooler-than-expected monthly rise in the U.S. CPI inflation reading in March.

Market reaction:

Growth-sensitive and tech-heavy Nasdaq Composite led losses across the board settling down by 0.85%, the S&P 500 closed 0.41% lower, while the Dow Jones snapped a four-day winning streak, ending the day slightly lower by 0.11%.

Nasdaq Composite, 2-hour chart

At first, stocks started the trading session with strong gains following the release of March’s U.S. CPI-consumer price index report, which showed headline pressures slowed in March to a 5% annual pace, down 1% from February (6%), due to falling energy and food prices.

Yet, the Core CPI, which excludes the volatile energy and food rose 0.4% for March and 5.6% from a year ago, slightly above where it was in February at 5.5%, due to rising shelter costs. Economists had projected that the reading would fall to 5.2%.

The resilient Core inflation is a negative catalyst for the economy, with investors expecting now that it will force Federal Reserve to hike by another 25 bps in the coming FOMC monetary policy meeting on May 02-03 in her fight against elevating prices.

The banking crisis in early March had caused some speculation that the Fed might hold the line on rates, but officials stressed that more needed to be done to tame inflation.

Adding to the above, indices turned negative at the end of the day after the release of the Minutes from the March meeting of the FOMC, which came a few days after the collapse of two regional banks of SVB and Signature.

According to Federal Reserve minutes, the fallout from the U.S. banking crisis is likely to tilt the local economy into a mild recession later this year, with a recovery over the subsequent two years.

In that FOMC meeting, policymakers voted to increase the benchmark borrowing rate by 0.25 percentage points, the ninth increase over the past year, bringing the official Fed funds rate to a target range of 4.75%-5%, its highest level since late 2007.

Therefore, a relatively stronger-than-expected labor NFP report with a persistently strong CPI inflation, combined, is suggesting at the least that the Fed has another 25-basis point hike coming on May 02, which would effectively raise rates to a peak of 5.25%.

Therefore, a relatively stronger-than-expected labor NFP report with a persistently strong CPI inflation, combined, is suggesting at the least that the Fed has another 25-basis point hike coming on May 02, which would effectively raise rates to a peak of 5.25%.

Adding on the market calculation, we should place also last Friday’s NFP report that showed that nonfarm payrolls increased by 236,000 jobs last month, just shy of the 239,000 called by Wall Street’s forecasters and well above the 200,000 that would have been instrumental in getting the Fed to pause in May.

Therefore, a relatively stronger-than-expected labor NFP report with a persistently strong CPI inflation, combined, is suggesting at the least that the Fed has another 25-basis point hike coming on May 02, which would effectively raise rates to a peak of 5.25%.

Adding on the market calculation, we should place also last Friday’s NFP report that showed that nonfarm payrolls increased by 236,000 jobs last month, just shy of the 239,000 called by Wall Street’s forecasters and well above the 200,000 that would have been instrumental in getting the Fed to pause in May.

Therefore, a relatively stronger-than-expected labor NFP report with a persistently strong CPI inflation, combined, is suggesting at the least that the Fed has another 25-basis point hike coming on May 02, which would effectively raise rates to a peak of 5.25%.

Hence, they are expecting core consumer price inflation, which excludes volatile food and energy costs, to rise 0.4% on a month-over-month basis, for an annual increase of 5.6%, up from 5.5% in February.

Adding on the market calculation, we should place also last Friday’s NFP report that showed that nonfarm payrolls increased by 236,000 jobs last month, just shy of the 239,000 called by Wall Street’s forecasters and well above the 200,000 that would have been instrumental in getting the Fed to pause in May.

Therefore, a relatively stronger-than-expected labor NFP report with a persistently strong CPI inflation, combined, is suggesting at the least that the Fed has another 25-basis point hike coming on May 02, which would effectively raise rates to a peak of 5.25%.

Hence, they are expecting core consumer price inflation, which excludes volatile food and energy costs, to rise 0.4% on a month-over-month basis, for an annual increase of 5.6%, up from 5.5% in February.

Adding on the market calculation, we should place also last Friday’s NFP report that showed that nonfarm payrolls increased by 236,000 jobs last month, just shy of the 239,000 called by Wall Street’s forecasters and well above the 200,000 that would have been instrumental in getting the Fed to pause in May.

Therefore, a relatively stronger-than-expected labor NFP report with a persistently strong CPI inflation, combined, is suggesting at the least that the Fed has another 25-basis point hike coming on May 02, which would effectively raise rates to a peak of 5.25%.

Inflation expectations from the Consumer Price Index reading for March are relatively high, with economists predicting that consumer prices rose by 5.2% on an annualized basis and 0.3% month-on-month in March.

Hence, they are expecting core consumer price inflation, which excludes volatile food and energy costs, to rise 0.4% on a month-over-month basis, for an annual increase of 5.6%, up from 5.5% in February.

Adding on the market calculation, we should place also last Friday’s NFP report that showed that nonfarm payrolls increased by 236,000 jobs last month, just shy of the 239,000 called by Wall Street’s forecasters and well above the 200,000 that would have been instrumental in getting the Fed to pause in May.

Therefore, a relatively stronger-than-expected labor NFP report with a persistently strong CPI inflation, combined, is suggesting at the least that the Fed has another 25-basis point hike coming on May 02, which would effectively raise rates to a peak of 5.25%.

Inflation expectations from the Consumer Price Index reading for March are relatively high, with economists predicting that consumer prices rose by 5.2% on an annualized basis and 0.3% month-on-month in March.

Hence, they are expecting core consumer price inflation, which excludes volatile food and energy costs, to rise 0.4% on a month-over-month basis, for an annual increase of 5.6%, up from 5.5% in February.

Adding on the market calculation, we should place also last Friday’s NFP report that showed that nonfarm payrolls increased by 236,000 jobs last month, just shy of the 239,000 called by Wall Street’s forecasters and well above the 200,000 that would have been instrumental in getting the Fed to pause in May.

Therefore, a relatively stronger-than-expected labor NFP report with a persistently strong CPI inflation, combined, is suggesting at the least that the Fed has another 25-basis point hike coming on May 02, which would effectively raise rates to a peak of 5.25%.

All eyes will be on the U.S. CPI-consumer price index report for March tomorrow Wednesday, which will help determine the Federal Reserve’s rate path ahead, and the release of the minutes from the February FOMC- Federal Open Market Committee meeting on the same day.

Inflation expectations from the Consumer Price Index reading for March are relatively high, with economists predicting that consumer prices rose by 5.2% on an annualized basis and 0.3% month-on-month in March.

Hence, they are expecting core consumer price inflation, which excludes volatile food and energy costs, to rise 0.4% on a month-over-month basis, for an annual increase of 5.6%, up from 5.5% in February.

Adding on the market calculation, we should place also last Friday’s NFP report that showed that nonfarm payrolls increased by 236,000 jobs last month, just shy of the 239,000 called by Wall Street’s forecasters and well above the 200,000 that would have been instrumental in getting the Fed to pause in May.

Therefore, a relatively stronger-than-expected labor NFP report with a persistently strong CPI inflation, combined, is suggesting at the least that the Fed has another 25-basis point hike coming on May 02, which would effectively raise rates to a peak of 5.25%.

All eyes will be on the U.S. CPI-consumer price index report for March tomorrow Wednesday, which will help determine the Federal Reserve’s rate path ahead, and the release of the minutes from the February FOMC- Federal Open Market Committee meeting on the same day.

Inflation expectations from the Consumer Price Index reading for March are relatively high, with economists predicting that consumer prices rose by 5.2% on an annualized basis and 0.3% month-on-month in March.

Hence, they are expecting core consumer price inflation, which excludes volatile food and energy costs, to rise 0.4% on a month-over-month basis, for an annual increase of 5.6%, up from 5.5% in February.

Adding on the market calculation, we should place also last Friday’s NFP report that showed that nonfarm payrolls increased by 236,000 jobs last month, just shy of the 239,000 called by Wall Street’s forecasters and well above the 200,000 that would have been instrumental in getting the Fed to pause in May.

Therefore, a relatively stronger-than-expected labor NFP report with a persistently strong CPI inflation, combined, is suggesting at the least that the Fed has another 25-basis point hike coming on May 02, which would effectively raise rates to a peak of 5.25%.

U.S. stock markets were mostly unchanged Monday, the first trading day after a long weekend due to the Catholic Easter, indicating investors were still weighing and waiting for the coming economic data.

All eyes will be on the U.S. CPI-consumer price index report for March tomorrow Wednesday, which will help determine the Federal Reserve’s rate path ahead, and the release of the minutes from the February FOMC- Federal Open Market Committee meeting on the same day.

Inflation expectations from the Consumer Price Index reading for March are relatively high, with economists predicting that consumer prices rose by 5.2% on an annualized basis and 0.3% month-on-month in March.

Hence, they are expecting core consumer price inflation, which excludes volatile food and energy costs, to rise 0.4% on a month-over-month basis, for an annual increase of 5.6%, up from 5.5% in February.

Adding on the market calculation, we should place also last Friday’s NFP report that showed that nonfarm payrolls increased by 236,000 jobs last month, just shy of the 239,000 called by Wall Street’s forecasters and well above the 200,000 that would have been instrumental in getting the Fed to pause in May.

Therefore, a relatively stronger-than-expected labor NFP report with a persistently strong CPI inflation, combined, is suggesting at the least that the Fed has another 25-basis point hike coming on May 02, which would effectively raise rates to a peak of 5.25%.

U.S. stock markets were mostly unchanged Monday, the first trading day after a long weekend due to the Catholic Easter, indicating investors were still weighing and waiting for the coming economic data.

All eyes will be on the U.S. CPI-consumer price index report for March tomorrow Wednesday, which will help determine the Federal Reserve’s rate path ahead, and the release of the minutes from the February FOMC- Federal Open Market Committee meeting on the same day.

Inflation expectations from the Consumer Price Index reading for March are relatively high, with economists predicting that consumer prices rose by 5.2% on an annualized basis and 0.3% month-on-month in March.

Hence, they are expecting core consumer price inflation, which excludes volatile food and energy costs, to rise 0.4% on a month-over-month basis, for an annual increase of 5.6%, up from 5.5% in February.

Adding on the market calculation, we should place also last Friday’s NFP report that showed that nonfarm payrolls increased by 236,000 jobs last month, just shy of the 239,000 called by Wall Street’s forecasters and well above the 200,000 that would have been instrumental in getting the Fed to pause in May.

Therefore, a relatively stronger-than-expected labor NFP report with a persistently strong CPI inflation, combined, is suggesting at the least that the Fed has another 25-basis point hike coming on May 02, which would effectively raise rates to a peak of 5.25%.

Nasdaq Composite, Daily chart

U.S. stock markets were mostly unchanged Monday, the first trading day after a long weekend due to the Catholic Easter, indicating investors were still weighing and waiting for the coming economic data.

All eyes will be on the U.S. CPI-consumer price index report for March tomorrow Wednesday, which will help determine the Federal Reserve’s rate path ahead, and the release of the minutes from the February FOMC- Federal Open Market Committee meeting on the same day.

Inflation expectations from the Consumer Price Index reading for March are relatively high, with economists predicting that consumer prices rose by 5.2% on an annualized basis and 0.3% month-on-month in March.

Hence, they are expecting core consumer price inflation, which excludes volatile food and energy costs, to rise 0.4% on a month-over-month basis, for an annual increase of 5.6%, up from 5.5% in February.

Adding on the market calculation, we should place also last Friday’s NFP report that showed that nonfarm payrolls increased by 236,000 jobs last month, just shy of the 239,000 called by Wall Street’s forecasters and well above the 200,000 that would have been instrumental in getting the Fed to pause in May.

Therefore, a relatively stronger-than-expected labor NFP report with a persistently strong CPI inflation, combined, is suggesting at the least that the Fed has another 25-basis point hike coming on May 02, which would effectively raise rates to a peak of 5.25%.

Nasdaq Composite, Daily chart

U.S. stock markets were mostly unchanged Monday, the first trading day after a long weekend due to the Catholic Easter, indicating investors were still weighing and waiting for the coming economic data.

All eyes will be on the U.S. CPI-consumer price index report for March tomorrow Wednesday, which will help determine the Federal Reserve’s rate path ahead, and the release of the minutes from the February FOMC- Federal Open Market Committee meeting on the same day.

Inflation expectations from the Consumer Price Index reading for March are relatively high, with economists predicting that consumer prices rose by 5.2% on an annualized basis and 0.3% month-on-month in March.

Hence, they are expecting core consumer price inflation, which excludes volatile food and energy costs, to rise 0.4% on a month-over-month basis, for an annual increase of 5.6%, up from 5.5% in February.

Adding on the market calculation, we should place also last Friday’s NFP report that showed that nonfarm payrolls increased by 236,000 jobs last month, just shy of the 239,000 called by Wall Street’s forecasters and well above the 200,000 that would have been instrumental in getting the Fed to pause in May.

Therefore, a relatively stronger-than-expected labor NFP report with a persistently strong CPI inflation, combined, is suggesting at the least that the Fed has another 25-basis point hike coming on May 02, which would effectively raise rates to a peak of 5.25%.

Nasdaq Composite, Daily chart

U.S. stock markets were mostly unchanged Monday, the first trading day after a long weekend due to the Catholic Easter, indicating investors were still weighing and waiting for the coming economic data.

All eyes will be on the U.S. CPI-consumer price index report for March tomorrow Wednesday, which will help determine the Federal Reserve’s rate path ahead, and the release of the minutes from the February FOMC- Federal Open Market Committee meeting on the same day.

Inflation expectations from the Consumer Price Index reading for March are relatively high, with economists predicting that consumer prices rose by 5.2% on an annualized basis and 0.3% month-on-month in March.

Hence, they are expecting core consumer price inflation, which excludes volatile food and energy costs, to rise 0.4% on a month-over-month basis, for an annual increase of 5.6%, up from 5.5% in February.

Adding on the market calculation, we should place also last Friday’s NFP report that showed that nonfarm payrolls increased by 236,000 jobs last month, just shy of the 239,000 called by Wall Street’s forecasters and well above the 200,000 that would have been instrumental in getting the Fed to pause in May.

Therefore, a relatively stronger-than-expected labor NFP report with a persistently strong CPI inflation, combined, is suggesting at the least that the Fed has another 25-basis point hike coming on May 02, which would effectively raise rates to a peak of 5.25%.

While investors are increasing worry about Federal Reserve’s next monetary policy actions and particularly on interest rate hikes, this week’s economic and key inflation data coupled with the Fed’s minutes of its last rate decision on March 22nd will give some signals on Fed’s path ahead.

Nasdaq Composite, Daily chart

U.S. stock markets were mostly unchanged Monday, the first trading day after a long weekend due to the Catholic Easter, indicating investors were still weighing and waiting for the coming economic data.

All eyes will be on the U.S. CPI-consumer price index report for March tomorrow Wednesday, which will help determine the Federal Reserve’s rate path ahead, and the release of the minutes from the February FOMC- Federal Open Market Committee meeting on the same day.

Inflation expectations from the Consumer Price Index reading for March are relatively high, with economists predicting that consumer prices rose by 5.2% on an annualized basis and 0.3% month-on-month in March.

Hence, they are expecting core consumer price inflation, which excludes volatile food and energy costs, to rise 0.4% on a month-over-month basis, for an annual increase of 5.6%, up from 5.5% in February.

Adding on the market calculation, we should place also last Friday’s NFP report that showed that nonfarm payrolls increased by 236,000 jobs last month, just shy of the 239,000 called by Wall Street’s forecasters and well above the 200,000 that would have been instrumental in getting the Fed to pause in May.

Therefore, a relatively stronger-than-expected labor NFP report with a persistently strong CPI inflation, combined, is suggesting at the least that the Fed has another 25-basis point hike coming on May 02, which would effectively raise rates to a peak of 5.25%.