On the SPOT™ blog (03/02/2023) [L..]
Economic data appears to be continuing its pressure on investors today. Inflation numbers from Europe were still too high (inflation in Europe dropped far less than estimated). Here in the US, labor costs were higher in Q4 and last week's jobless claims dropped more than estimated. This might mean that labor market is still strong so Feds may not have to worry too much about recession at this point in their moves to raise interest rates for curbing inflation. All three major US indices appeared to fluctuate this morning (PST) perhaps because investors are still trying to gauge if it will be 0.25 or 0.5% rate hike later this month.
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