Stocks Fluctuate With Focus Shifting to Inflation: Markets Wrap
Published On Nov 13, 2024, 3:35 AM
Stocks are experiencing fluctuations due to concerns over upcoming US inflation data and political developments, especially in light of President-elect Donald Trump's potential policies, which may increase inflation. Analysts predict a 0.2% increase in the consumer price index for the fourth consecutive month, raising worries that tariff proposals may exacerbate inflation. As a result, traders are expecting fewer interest rate cuts from the Federal Reserve next year, leading to mixed reactions in the market, particularly affecting global currencies and emerging markets.
Stock Forecasts
SPY
Negative
The market is reacting negatively due to potential inflation drivers and economic policy uncertainty. With the Fed likely to adjust its rates less aggressively, sectors sensitive to interest rates may suffer, while inflationary pressures could impact consumer spending.
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