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MarketBeat Minute(2022-02-16)
Equities rebounded on Tuesday after Russian President Vladimir Putin withdrew some of his troops from the Ukrainian border. The news was met with relief tensions seemed to be subsiding but the risk remains high in the region. It is doubtful Putin has given up on his hopes for taking Ukraine, we shall see.
The move in equities also comes despite some much hotter than expected inflation data. The Producer Price Index rose 1.0% in January, twice the expectation, with YOY gains approaching 10.0%. The news adds to the expectation of aggressive FOMC interest rate action but was shrugged off by the market. While the inflation data points at aggressive Fed action it also points to a hot economy and one not likely slowed by a few 25 basis points rate hikes. The risk for the economy now is that rising rates are going to add to inflationary pressures.
The move in equities also comes despite some much hotter than expected inflation data. The Producer Price Index rose 1.0% in January, twice the expectation, with YOY gains approaching 10.0%. The news adds to the expectation of aggressive FOMC interest rate action but was shrugged off by the market. While the inflation data points at aggressive Fed action it also points to a hot economy and one not likely slowed by a few 25 basis points rate hikes. The risk for the economy now is that rising rates are going to add to inflationary pressures.
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By MarketBeat MinuteEquities rebounded on Tuesday after Russian President Vladimir Putin withdrew some of his troops from the Ukrainian border. The news was met with relief tensions seemed to be subsiding but the risk remains high in the region. It is doubtful Putin has given up on his hopes for taking Ukraine, we shall see.
The move in equities also comes despite some much hotter than expected inflation data. The Producer Price Index rose 1.0% in January, twice the expectation, with YOY gains approaching 10.0%. The news adds to the expectation of aggressive FOMC interest rate action but was shrugged off by the market. While the inflation data points at aggressive Fed action it also points to a hot economy and one not likely slowed by a few 25 basis points rate hikes. The risk for the economy now is that rising rates are going to add to inflationary pressures.
The move in equities also comes despite some much hotter than expected inflation data. The Producer Price Index rose 1.0% in January, twice the expectation, with YOY gains approaching 10.0%. The news adds to the expectation of aggressive FOMC interest rate action but was shrugged off by the market. While the inflation data points at aggressive Fed action it also points to a hot economy and one not likely slowed by a few 25 basis points rate hikes. The risk for the economy now is that rising rates are going to add to inflationary pressures.