March 12, 2019
Moving the Market
Most S&P 500 sectors trade higher;
continuation from yesterday's buy-the-dip trade
Some softening inflation data in the Consumer Price Index report for February 2019 has provided some support for the broader market.
February CPI was up 0.2%, as expected, while core CPI, which excludes food and energy, was up just 0.1% in February. On a year-over-year basis, total CPI eased to 1.5% from 1.6% in January while core CPI eased to 2.1% from 2.2% in January. It is this year-over-year trend that will keep the Fed in a patient mindset, which is a supportive consideration for risk assets.
- briefing.com 11:25 a.m. ET
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Real Time Economics
@WSJecon
5 hours ago
A rise in the consumer-price index in February “provides the Fed with additional reason to pause its tightening of monetary policy.”
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high vigilance daily chart for all the displayed chart elements -
http://stockcharts.com/h-sc/ui?s=%21NETADSPX&p=D&yr=0&mn=6&dy=0&id=p50372395723&a=382915177
Moving the Market
Most S&P 500 sectors trade higher;
continuation from yesterday's buy-the-dip trade
Some softening inflation data in the Consumer Price Index report for February 2019 has provided some support for the broader market.
February CPI was up 0.2%, as expected, while core CPI, which excludes food and energy, was up just 0.1% in February. On a year-over-year basis, total CPI eased to 1.5% from 1.6% in January while core CPI eased to 2.1% from 2.2% in January. It is this year-over-year trend that will keep the Fed in a patient mindset, which is a supportive consideration for risk assets.
- briefing.com 11:25 a.m. ET
==============================
Real Time Economics
@WSJecon
5 hours ago
A rise in the consumer-price index in February “provides the Fed with additional reason to pause its tightening of monetary policy.”
===============================
high vigilance daily chart for all the displayed chart elements -
http://stockcharts.com/h-sc/ui?s=%21NETADSPX&p=D&yr=0&mn=6&dy=0&id=p50372395723&a=382915177
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