2. Key Economic Data in Focus 📊
Two major economic reports caught attention this week:
(1) Jobless Claims
(2) Producer Price Index (PPI)
- The PPI came in hotter than expected, primarily due to a surge in egg prices.
Higher PPI stirs inflation concerns and gives investors insight into how the Fed might respond.
3. 10-Year Treasury Yield Hits 2-Week High 💵
- The 10-year Treasury yield climbed to 4.33%, marking its highest level in two weeks.
In simple terms, investors sought safety in government bonds amidst economic uncertainty.
4. Fed’s Rate Path Under Scrutiny 💼
Investors are closely watching how the Fed will adjust its rate policy.
Here’s what some experts predict:
- Ella Oksen (Newton Investments): “The Fed could maintain a hawkish stance next week.”
- Keith Buchanan (Globalt Investments): “Inflation is gradually falling below 3%, but reaching the Fed’s 2% target will take more time.”
- Apple: Rumored to launch its own WiFi and Bluetooth chips starting next year.
- Broadcom: Reported AI revenue projections falling short in their earnings outlook.
- Warner Bros.: Considering splitting its streaming division into a separate entity.
6. Upcoming Schedule for Dec. 13 🔮
Key economic indicators to watch on Friday:
- US Import Prices for November (10:30 PM EST)
- Baker Hughes US Rig Count (3:00 AM EST)
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