Expected

Wholesale prices rose faster than expected last month, dampening hopes the Federal Reserve can afford to slow the pace of interest rate hikes.

Producer prices rose more than expected in November, giving investors a snapshot of where inflation stands ahead of more key data in the days to come and a ...

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Lululemon missed on earnings and the stock is indicated lower in premarket trading. Earnings misses by Costco and Lululemon may signal inflation is taking a ...

It will be very interesting to see which sectors are favored by investors and which ones are avoided as the economic outlook remains confusing, at best. Two intertwined things to keep an eye on today are the level of the VIX, the rebalancing of the Nasdaq 100 and how that all may factor into how firms positions themselves heading into 2023. It will be interesting to see if it makes a further run toward 25 heading into the end of the year. Further, if rates are impacting car sales, I think it’s fair to say this could be a possible indication housing sales may also be in for a rough 2023 and that could have major implications for the economy moving forward. The other interesting aspect to this is what it could mean for the housing sector as well. Estimates had been for a month-over-month increase of 0.2%; however, that number came in stronger than expected at 0.3%, which suggests the inflation continues to be concerning.

The S&P 500 fell 29.13 points, or 0.7%, to 3934.38 Friday after wavering for much of the day. The Dow Jones Industrial Average was down 305.02 points, or 0.9%, ...

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The stock market slipped on Friday, after a higher-than-expected reading on inflation. The report didn't give investors hope that the Fed will become less ...

The two-year Treasury yield, a barometer for expectations about the federal funds rate, inched up to 4.328% from 4.257% just before the inflation data hit the wires.\n\n"The Fed is set to slow its pace of rate hikes from 75 basis points to 50 basis points next week,” wrote Andrew Hollenhorst, Citi economist. “That is not yet being reflected in the official inflation statistics.”\n\nThe market will likely experience gyrations back-and-forth for some time: They'll probably be anxious about Fed policy until inflation gets close to the central bank's target of 2%. That means inflation could start decelerating more quickly.\n\n“As we speak to company management teams, clearly inflationary pressures are abating, from input costs to supply chain pressures,” wrote Matt Peron, director of research at Janus Henderson Investors. Fed Chairman Jerome Powell recently said that the rate hike at the December meeting next week should be half a percent, down from three-quarter point hikes seen recently. “Still, we would emphasize the wide range of potential outcomes next year including those where inflation stays higher and the Fed hikes further.”\n\nThere is some good news, though. Economists expect next week’s CPI result to show a 7.3% gain, which would be down from the prior result of 7.7%.

U.S. stock futures tumbled on Friday, erasing earlier gains, after the latest batch of inflation data showed producer prices accelerated faster than some ...

Futures for the S&P 500 tumbled 21 points, or 0.6%, to 3,944, while futures for the Nasdaq Composite were down 68.25 points, or 0.6%, to 33,885. Futures for the Dow Jones Industrial Average were off 158 points, or 0.5%, at 33,885 after the data, erasing an earlier gain. stock futures tumbled on Friday, erasing earlier gains, after the latest batch of inflation data showed producer prices accelerated faster than some economists expected last month.

Wholesale inflation as measured by prices paid by businesses rose 0.3% in November, above estimates, the Bureau of Labor Statistics announced on Friday.

Much of the gain was driven by increases in the prices of services. Nonetheless, any indication that inflation is turning down will be viewed as a sign the Fed can still pull off a “soft landing” and keep the economy out of recession territory in 2023. And Chairman Jerome Powell reiterated the Fed’s intention to “stay the course” until inflation is tamed.