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Prices at the Pumps – December 20, 2023 | SaltWire
Watch on YouTube: “Prices at the Pumps – December 20, 2023 | SaltWire”
(Corrects date of PCE deflator to Friday instead of Thursday in paragraph 10)
A look at the day ahead in European and global markets from Kevin Buckland
Dovish policy signals from opposite sides of the globe kept stocks climbing into Asian trading on Wednesday, boding well for the European open.
Bets for an early rate cut from the Federal Reserve continue to build, with Richmond Fed President Thomas Barkin’s remark that “we’re making good progress on inflation” taken as more fodder for the peak-rates and soft-landing narratives that have sent the Dow and Nasdaq to all-time highs, and the S&P 500 not far behind.
Traders now…
