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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC’s full interview with Hugh Johnson and Dynasty Financial’s Ron InsanaHugh Johnson and Dynasty Financial’s Ron Insana, join 'Power Lunch' to discuss what the PPI print may mean for the Feds next moves.
Persons: Hugh Johnson, Ron Insana Hugh Johnson, Ron Insana
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email2024 will be an abnormally normal year for the market and economy, says Dynasty's Ron InsanaHugh Johnson and Dynasty Financial’s Ron Insana, join 'Power Lunch' to discuss what the PPI print may mean for the Feds next moves.
Persons: Ron Insana Hugh Johnson, Ron Insana
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe economy is heading for a perfect configuration, says Hugh JohnsonHugh Johnson, Hugh Johnson Advisors head of investment strategy, joins 'Power Lunch' to discuss his market outlook and expectations for 2024.
Persons: Hugh Johnson Hugh Johnson, Hugh Johnson Organizations: Hugh Johnson Advisors
Watch CNBC's full interview with economist Hugh Johnson
  + stars: | 2023-03-06 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with economist Hugh JohnsonHugh Johnson, chairman and chief economist of Hugh Johnson Economics, joins 'Power Lunch' to discuss economic indicators suggesting a hard landing, stocks moving with Fed policy and stocks performing better in anticipation of a hard landing.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailA hard landing will change public policy and turn stock outlooks, says economist Hugh JohnsonHugh Johnson, chairman and chief economist with Hugh Johnson Economics, joins 'Power Lunch' to discuss economic indicators suggesting a hard landing, stocks moving with Fed policy and stocks performing better in anticipation of a hard landing.
January CPI accelerates, but trend easing
  + stars: | 2023-02-14 | by ( ) www.reuters.com   time to read: +9 min
Data for December was revised higher to show the CPI gaining 0.1% instead of the 0.1% fall as previously reported. “It's not going to necessarily influence the Federal Reserve one way or another. "You have a little bit of a negative reaction because these numbers are not going to take the pressure off the Federal Reserve. "The real issue is what is the Federal Reserve going to do, it's pretty widely expected that they're going to raise rates both at their March meeting as well as their May meeting. "There's not much there for the Federal Reserve to give them some sort of a justification for taking their foot off the brake and reducing interest rates."
[1/2] The Wall Street entrance to the New York Stock Exchange (NYSE) is seen in New York City, U.S., November 15, 2022. Future economic growth prospects were in focus on Tuesday following comments from financial titans pointing toward uncertain times ahead. The S&P banks index (.SPXBK) was down 2.6%, with Bank of America leading declines with a 5.6% drop. Fears about economic growth come amid a re-evaluation by traders of what path future interest rate hikes will take, following strong data on jobs and the services sector in recent days. "If economic growth continues to be better than what people are expecting, there are chances that the Fed would have to continue to be hawkish," said Rusty Vanneman, chief investment strategist at Orion Advisor Solutions.
[1/2] The Wall Street entrance to the New York Stock Exchange (NYSE) is seen in New York City, U.S., November 15, 2022. Concerns about a steep increase in borrowing costs have boosted the dollar, while weighing on equities and bond markets this year, with the S&P 500 down 17.5%. The S&P 500 rallied 13.8% in October and November on hopes of smaller rate hikes and better-than-expected earnings. The bank sector index (.SPXBK) fell 2.1%, with Bank of America leading declines with a 4.9% drop. The S&P index recorded three new 52-week highs and eight new lows, while the Nasdaq recorded 30 new highs and 191 new lows.
SummarySummary Companies U.S. producer prices rise more than expected in SeptemberFOMC September meet minutes due at 2 p.m. The Labor Department's producer prices index rose 8.5% in the 12 months through September, slightly higher than an estimated 8.4% rise. In the afternoon, investors will scrutinize the Fed's September meeting minutes for more clarity on the central bank's rate hike trajectory. Investors also await the highly-anticipated consumer prices report on Thursday, which is expected to have picked up in September. Declining issues outnumbered advancers for a 1.45-to-1 ratio on the NYSE and advancers for a 1.22-to-1 ratio on the Nasdaq.
The Labor Department's producer prices index rose 8.5% in the 12 months through September, slightly higher than an estimated 8.4% rise. read morePersistent inflation has increased concerns about the Fed's aggressive monetary action tipping the world's largest economy into a recession. That's what the Fed has been looking at and that's why they're raising rates the way they are. Declining issues outnumbered advancers for a 1.74-to-1 ratio on the NYSE and for a 1.47-to-1 ratio on the Nasdaq. The S&P index recorded no new 52-week high and 41 new lows, while the Nasdaq recorded 7 new highs and 201 new lows.
The move lifted British bond prices and pushed global benchmark yields lower. read moreMuch to the market's relief, Fed Chair Jerome Powell did not comment on monetary policy or the U.S. economic outlook on Wednesday. Among the 11 S&P 500 sector indexes, technology (.SPLRCT) was the sole decliner, down 0.5% due to Apple's drag. read moreEli Lilly & Co , which is also developing an Alzheimer's drug, rose 8.17% and was among the biggest boosts to the S&P 500 index. The S&P index recorded one new 52-week high and 30 new lows, while the Nasdaq recorded 21 new highs and 192 new lows.
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