Wall Street Breakfast CPI set to show inflation 'stubbornly strong'
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Feb 9, 2025 January's CPI shows inflation hitting a stubborn 0.3% rise, sparking concerns among investors. McDonald's eyes potential earnings growth, while Elliott Management makes waves with a major stake in BP. Key court rulings impact financial markets, and SailPoint makes a comeback with its IPO. Meanwhile, upcoming dividends from major corporations hint at a resilient economy, despite the mixed signals in recent employment data. It’s a whirlwind of financial insights!
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Stubborn Inflation
- The January CPI report is anticipated to reveal persistent inflation.
- Economists predict a 0.3% rise in both headline and core CPI.
Economic Momentum and Uncertainty
- Upward revisions to recent months' job numbers overshadowed weak payroll growth, making markets uncertain about future Fed rate cuts.
- The economy has been gaining momentum since mid-2024, fueled by rate cuts, potentially impacting growth and inflation.
McDonald's Q4 Earnings
- McDonald's Q4 earnings report is expected to show challenges, but investors seek signs of improvement and a positive 2025 outlook.
- Analysts anticipate slightly increased revenue but falling comparable sales, possibly due to competition, pricing pressures, and other factors.