Stock futures rose Tuesday after another report signaled that inflation could be slowing, reigniting a rally in stocks.
The produce price index, a measure of wholesale inflation, rose 0.2% for the month, versus the consensus estimate for a 0.4% increase from Dow Jones. The report comes after last week’s consumer price index data showed signs of inflationary pressure abating last month, sparking a sharp rally. https://www.cnbc.com/2022/11/14/stock-futures-rise-after-falling-monday-fading-last-weeks-rally.html
“Prices for a “typical Thanksgiving meal” will be the same as last year, Walmart CEO Doug McMillon said on a call with analysts Tuesday morning.
Why it matters: The largest retailer in the world is trying to offset high inflation to attract a growing number of budget-conscious consumers” https://www.axios.com/2022/11/15/walmart-earnings-q3-inflation-thanksgiving
Dollar tumbles from 20-year high as US inflation eases
Slowing price growth sparks speculation Fed will cool pace of rate rises (Financial Times) https://www.ft.com/content/2c5c83e4-adb4-4055-b8df-7d886c542ace
“We are not out of the woods yet . . . Even if inflation has peaked it will be sticky and volatile on the way down.” Athanasios Vamvakidis, head of G10 foreign exchange strategy at Bank of America.
Eideard 
Stock futures rose Tuesday after another report signaled that inflation could be slowing, reigniting a rally in stocks.
The produce price index, a measure of wholesale inflation, rose 0.2% for the month, versus the consensus estimate for a 0.4% increase from Dow Jones. The report comes after last week’s consumer price index data showed signs of inflationary pressure abating last month, sparking a sharp rally. https://www.cnbc.com/2022/11/14/stock-futures-rise-after-falling-monday-fading-last-weeks-rally.html
“Prices for a “typical Thanksgiving meal” will be the same as last year, Walmart CEO Doug McMillon said on a call with analysts Tuesday morning.
Why it matters: The largest retailer in the world is trying to offset high inflation to attract a growing number of budget-conscious consumers” https://www.axios.com/2022/11/15/walmart-earnings-q3-inflation-thanksgiving
Meanwhile: “It’s looking grim for Wall Street bonuses this year” https://www.cnn.com/2022/11/16/investing/premarket-stocks-trading
p/s: “All 60 Million Wage Earners at the Bottom Make Less Than the Top 237,000 Executives” https://www.dcreport.org/2022/11/02/just-237000-bosses-were-paid-more-than-60-million-workers-in-2021-a-dcreport-exclusive/
Dollar tumbles from 20-year high as US inflation eases
Slowing price growth sparks speculation Fed will cool pace of rate rises (Financial Times) https://www.ft.com/content/2c5c83e4-adb4-4055-b8df-7d886c542ace
“We are not out of the woods yet . . . Even if inflation has peaked it will be sticky and volatile on the way down.” Athanasios Vamvakidis, head of G10 foreign exchange strategy at Bank of America.