Fitch: The progress of inflation decline seems to have ended. Brian Coulton, chief economist of Fitch, said that the decline of core commodity prices (the main force of inflation decline this year) seems to have ended. With the increase of automobile prices, the core commodity prices rose by 0.3% month-on-month. Service inflation is declining, but the rate of decline is very slow, because rent inflation is stubborn, and the service inflation is 4.6%, which is still far higher than the pre-epidemic level.Macy's opened down 11%, the biggest drop since August 21st. On the news, the company lowered its profit forecast.Market News: The US CPI report in November may suggest that the core PCE index, the inflation indicator favored by the Federal Reserve, may rise slightly to 2.9% in the last two months of 2024.
The Bank of Canada's statement no longer mentions that it is reasonable to expect further interest rate cuts if the economic development is consistent with the forecast. The need for further interest rate cuts will be assessed and a decision will be made one by one.Russian President Vladimir Putin: His AI technology is crucial to Russia's sovereignty.Macy's opened down 11%, the biggest drop since August 21st. On the news, the company lowered its profit forecast.
Alaska Airlines Group shares rose 3.35% after at least three brokers raised their P/E ratios.Toronto stock index GSPTSE rose 0.21% to 25,558.81.Brazilian Congress Leader: Brazilian President Lula is expected to return to Brasilia after surgery next Tuesday or Wednesday.
Strategy guide 12-14
Strategy guide 12-14
Strategy guide 12-14
Strategy guide
12-14