On the SPOT™ blog (01/18/2023) [N..]
- Salyl Bhagwat
- Jan 18, 2023
- 3 min read
A flurry of economic news and comments from some Federal Reserve officials about terminal interest rate for end of 2023 were perhaps the main parameters in today's market behavior. PPI and retails sales fell more than expected in December. There was also news about MSFT laying off thousands as it sees tougher macroeconomic environment. On one hand, it appears as if the Feds' moves to fight inflation are showing +ve results and on the other hand, the fear of recession is increasing. All three major US indices finished the day in solid red today.
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