Wall Street Breakfast CPI hits a sweet spot as earnings kick off
Jan 13, 2026
Core CPI readings come in cooler, creating a favorable economic outlook. Trump mounts renewed pressure on Powell, igniting debates on inflation risks. Earnings season kicks off with JPMorgan delivering an optimistic 2026 forecast. Denny’s prepares for a new chapter as shareholders approve a buyout. Meanwhile, Wells Fargo issues caution about the future of cable operators amid rising competition from fiber and fixed wireless. Exciting times unfold on Wall Street!
AI Snips
Chapters
Transcript
Episode notes
CPI Hits A Macro Sweet Spot
- December's core CPI rose 0.2% monthly and 2.6% annually, cooling slightly below expectations.
- Economists call this a 'sweet spot' where fiscal support meets waning wage-driven inflation.
Political Pressure Meets Central Bank Solidarity
- President Trump urged Jay Powell to cut rates after the cooler CPI reading, pressing for meaningful rate reductions.
- Global central bankers publicly backed Fed independence, signaling support for the Fed's policy stance.
JPMorgan Starts Earnings Season Strong
- Earnings season began with JPMorgan upbeat on 2026 net interest income and roughly in-line expenses.
- Analysts flagged trading strength but warned of consumer softness and mortgage-related risks to fee income.