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5 January 2024,06:07

Weekly Outlook

Federal Reserve’s Stance On Elevated Rates Amidst Inflation Signals

5 January 2024, 06:07

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Thursday, 11 Jan, 15:30 – US CPI (YoY) (Dec)

The consumer price index surged to 3.0% in November, surpassing the Fed’s 2% target, indicating continued advancement. The Fed’s commitment to sustaining elevated rates until inflation stabilises is a focal point for markets, alongside their future signals.

Friday, 12 Jan,09:00 – UK GDP (MoM) (Nov)

The UK’s economy saw an unexpected contraction in October, as GDP dropped from 0.2% to -0.3%. Despite predictions of steady rates from the BoE to address inflation, concerns persist over the subdued GDP figures. Most economists foresee growth stalling.

Friday, 12 Jan,15:30 – US PPI (MoM) (Dec)

In November, the US PPI for final demand stayed at 0.0%, falling short of the anticipated 0.1%. While the Fed signalled plans to maintain higher rates, the positive trend in PPI supports the prospect of a “soft landing” scenario down the line.

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