CPI Day, which will be calculated using updated seasonal adjustments and new weights for 2024. Will the bond markets and the Fed get numbers that make them happy? I suppose "good" is continued signs of disinflation and more specifically slowing in services and rents.
Yesterday's NY Fed Survey of Consumer Inflation Expectations showed: "Median inflation expectations were unchanged at the one- and five-year ahead horizons, at 3.0 percent and 2.5 percent, respectively, according to the January Survey of Consumer Expectations. Expectations at the three-year-ahead horizon declined to 2.4 percent from 2.6 percent. Perceptions of credit access improved notably, with a smaller share of respondents saying it is harder to obtain credit now than it was a year ago and a larger share reporting it is now easier. The share of respondents expecting tighter credit conditions a year from now also declined."
Yesterday's NY Fed Survey of Consumer Inflation Expectations showed: "Median inflation expectations were unchanged at the one- and five-year ahead horizons, at 3.0 percent and 2.5 percent, respectively, according to the January Survey of Consumer Expectations. Expectations at the three-year-ahead horizon declined to 2.4 percent from 2.6 percent. Perceptions of credit access improved notably, with a smaller share of respondents saying it is harder to obtain credit now than it was a year ago and a larger share reporting it is now easier. The share of respondents expecting tighter credit conditions a year from now also declined."
More interesting to me is that there remains a high degree of inflation uncertainty and data showing consumers continue to believe there is a relatively high probability of inflation being above 4% in the next year.
Other than that you can see if ARM shares continue to pop and see how much further Bitcoin can rise now that it's retook 50K.
XTOD: The fresh MBA grad who just landed a job at McKinsey arriving at your company’s office to present a pitch deck he copied and pasted recommending that your company should simply generate more revenue and cut expenses
XTOD: This week's anticipated data release is the January CPI Wall Street forecasters expect the core CPI index rose nearly 0.3% from December, lowering the 12-month rate a touch to 3.8%
They see the headline index up 0.15% from November, dropping the 12-month rate to 2.9% (vs 3.4%)
XTOD: “Do we want NATO to pay more? Of course we do. But the last thing we’re going to do is side with a thug. Keep in mind, Putin kills his opponents,” Ambassador @NikkiHaley tells
@FerroTV , @lisaabramowicz1 and me.
XTOD: FanDuel says it took in more than 14 million bets on the Super Bowl. Total amount bet? $307 million.
XTOD: If you’re glued together and honorable and get up every morning and keep learning every day and you’re willing to go in for a lot of deferred gratification all your life, you’re going to succeed. — Charlie Munger
XTOD: The Nvidia run up is funny but it’s even more funny when you remember Cathie Wood sold right before
https://x.com/anothercohen/status/1756800663835849047?s=20
https://x.com/NickTimiraos/status/1757132464722489730?s=20
https://x.com/annmarie/status/1757049245641953337?s=20
https://x.com/darrenrovell/status/1757087219414630759?s=20
https://x.com/joyofcompoundin/status/1756887029294526829?s=20
https://x.com/CramerTracker/status/1757131993702170946?s=20
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