$S&P 500(.SPX)$ $SPDR S&P 500 ETF Trust(SPY)$ In the first week of 2024, major U.S. indices turned to the downside. Year-to-date, the $NASDAQ 100(NDX)$ declined by about 2.2%, the S&P 500 by 1%, the $DJIA(.DJI)$ by 0.3%, and the Russell 2000 by 3%. The situation is no better overseas, where in the Chinese market, major indices also slipped lower. In particular, the $HSI(HSI)$ lost about 5.3%, the CSI 300 lost 3.7%, and the Shanghai Composite Index lost 3%. The same story also played out in Europe, where the DAX declined by about 1.7%, the UK100
Will Core CPI Drop and Trigger a Faster Rate Cut?
Trading Economics expect Dec CPI to be 3.2%, higher than the previous data of 3.1%; the estimates of core CPI is 3.8%, lower than the previous data of 4%. FOMC minutes indicated a growing confidence in controlling inflation and rate cuts in 2024. ------------------------------- Will core CPI drop as expected and trigger for a faster rate cut?
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