Market News

[FireWeatherMet]

Well, this doesn't bode well for stocks anytime soon.​

Fed minutes: Lower inflation needed before many officials will support rate cuts​

https://finance.yahoo.com/news/fed-minutes-lower-inflation-needed-190310698.html

 

[tsptalk]

I wonder if they already got a peak at the PCE data coming out on Friday. Of course these minutes were from the January meeting, so maybe not, but who knows what kind of access to data they have?

 

[weatherweenie]

For the full year, core wholesale prices accelerated 3.6%, while the headline index posted a 2.9% gain. Both figures are well ahead of the Federal Reserve’s 2% inflation goal and suggest that rising prices are still a factor for the U.S. economy.

 

[SteelSaving]

Stop
Deficit
Spending

 

[weatherweenie]

The U.S. economy lost jobs in February, a month marred by severe winter weather and a strike at a major health care provider, the Bureau of Labor Statistics reported Friday.

Nonfarm payrolls fell by 92,000 for the month, compared to the estimate for 50,000 and below the downwardly revised January total of 126,000. February marked the third time in the past five months that payrolls declined, following a sharp revision showing a drop of 17,000 in December.

Unemployment rate increases to 4.4%.

 

[weatherweenie]

Wholesale prices rose sharply in February, providing another sign that inflation continues to percolate even aside from rising energy prices.

The producer price index, a measure of pipeline costs that producers receive for their products, increased a seasonally adjusted 0.7% on the month, the Bureau of Labor Statistics reported Wednesday. Excluding volatile food and energy costs, so-called core PPI increased 0.5%. Excluding food, energy and trade services, PPI rose 0.5%.