Inflation came in slightly above expectations in December. With the easy part of the fight against inflation now over, shelter prices will have to continue lower if the Fed hopes to hit its 2% target.
Today's topics include bond market volatility & the inverted yield curve, shipping costs, median CPI differs from other measures, the inflation fight, renting vs. owning, natural gas demand, the value of cash with a yield, EM issuance hits record, monitoring global trade shocks, and SEC approves Bitcoin ETFs (for real this time)
Today's topics include previewing tomorrow's CPI report, more on shipping problems, Howard Marks on the bygone QE era, the Bank Term Funding Program is no longer serving its purpose, government debt problems have not disappeared, rising consumer debt, and the Bitcoin ETF fee war continues
Today's topics include looking ahead, buy the rumor sell the news on spot Bitcoin ETF?, an eye on wages, Bowman becomes more dovish, Bill Gross sees bonds as overvalued, continued concerns over government debt levels, the BoJ eases its bond purchases, 170 years of sentiment analysis, rents fall for third straight month, and non-performing loans could hurt big banks this earnings season
Jim Bianco joins Bloomberg Surveillance to discuss Interest Rates, Inflation & the Change in the Nature of Work with Jonathan Ferro, Tom Keene & Lisa Abramowicz.
The spike in goods inflation in 2021/2022 occurred in part because of shipping problems. Consumers had to pay premiums to get what was available. The current shipping disruption is creating another round of products not reaching the end user. The longer it lasts, the more problems it creates.
Q4 2023 earnings season starts this week. Earnings expectations are still positive, but have declined significantly in recent weeks.
Today's topics include talkin' markets, how low can the Fed's balance sheet go?, stock valuations, U.S. could avoid a government shutdown, a deep dive on the yield curve & recessions, stickiness of ETF investors, the idea of slow & steady rate cuts, markets anticipating Fed cuts, another mild european winter, and the dogs of the Dow