US Inflation Broadly Slows, Erasing Bets on More Fed Rate Hikes
Nov 14, 2023
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Bloomberg News Economics Editor Molly Smith and Bloomberg Intelligence Chief US Interest Rate Strategist Ira Jersey analyze US CPI data and discuss the Fed's next move. Erin Lydon, President of Poker Power, explains how poker empowers women financially. Joel Weber and Amanda Albright share details from Amanda's Businessweek Magazine story, Texas Battles Wall Street in Test for State’s Muni Bond Market.
US Treasury yields drop as investors become less worried about inflation and potential interest rate hikes.
Small and mid-sized business owners have a positive outlook on the economy, suggesting increased confidence and hope for the future.
Deep dives
Strong rally on Wall Street and drop in US Treasury yields
Wall Street experienced a significant rally, while US Treasury yields dropped. The rally is believed to be influenced by positive earnings reports and a decrease in inflationary concerns. This suggests that investors are feeling more optimistic about the economy. The drop in Treasury yields indicates that investors are becoming less worried about inflation and potential interest rate hikes. Overall, the market is showing signs of resilience and positive sentiment.
Optimism among small and mid-sized business owners
According to a recent survey conducted by Huntington Private Bank, small and mid-sized business owners have a positive outlook on the economy. Over 60% of the surveyed clients believe that 2023 will be a better year for their businesses compared to previous years. Only around 8% of respondents expressed a negative outlook. This optimism among business owners is a positive sign for economic growth and suggests that businesses are feeling more confident and hopeful about the future.
ExxonMobil's potential for growth and high dividend yield
ExxonMobil stands as an attractive investment option due to its growth potential and high dividend yield. The recent acquisition of Pioneer Natural Resources' shale oil play indicates Exxon's commitment to expanding its presence in the industry. Additionally, the company's dividend offers an attractive opportunity for investors seeking consistent income. With Exxon's recent performance and growth prospects, it is positioned as a favorable investment option in the energy sector.
Microsoft's continued success and potential for future growth
Microsoft has exhibited strong performance, reaching record highs and registering a 54% increase this year. The company's expansion into cloud computing and gaming sectors has positioned it for future growth. Azure's success in cloud computing and the popularity of gaming platforms, such as Minecraft, present opportunities for further revenue generation. Microsoft's ability to navigate multiple sectors and leverage its technological capabilities makes it an appealing investment choice for investors.
Bloomberg News Economics Editor Molly Smith and Bloomberg Intelligence Chief US Interest Rate Strategist Ira Jersey break down Tuesday's US CPI data and talk about the Fed's next move. Erin Lydon, President of Poker Power, explains how the game of poker can lead to female empowerment and financial equity. Bloomberg Businessweek Editor Joel Weber and Bloomberg News Municipal Bonds Reporter Amanda Albright share the details of Amanda's Businessweek Magazine story Texas Battles Wall Street in Test for State’s Muni Bond Market. And we Drive to the Close with Dan Griffith, Director of Wealth Strategy at Huntington Private Bank. Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.